Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 432 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 11.00

Equity Ratio

Presented below is Apple's 3 Year Financial Results taken from their 2013 10K (annual report) which can be found on their website under SEC filings and annual reports:

http://investor.apple.com/sec.cfm#filings

All the figures below are presented in millions except for the per share data. So yes, Apple generated $170 billion dollars in net sales in 2013.

  2013 2012 2011
Net sales $              170,910 $              156,508 $              108,249
Net income $                37,037 $                41,733 $                25,922
Earnings per share:      
Basic $                 40.03 $                 44.64 $                 28.05
Diluted $                 39.75 $                 44.15 $                 27.68
Cash dividends declared per share $                 11.40 $                   2.65 $0
Shares used in computing earnings      
per share:      
Basic 925,331 934,818 924,258
Diluted 931,662 945,355 936,645
       
Total cash, cash equivalents and      
marketable securities $              146,761 $              121,251 $                81,570
Total assets $              207,000 $              176,064 $              116,371
Long-term debt $                16,960 $0 $0
Long-term obligations (a) $                20,208 $                16,664 $                10,100
Total liabilities $                83,451 $                57,854 $                39,756
Total shareholders' equity $              123,549 $              118,210 $                76,615



1. Compute the Debt Ratio and the Equity Ratio for all of the years. Explain the ratios.

2. Why would a company so cash rich like Apple ($146 billion dollars reported in cash and cash equivalents and marketable securities) take on more long-term debt in 2013?

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 07:08 PM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)
Relevent Questions