Analyzing Financial Data: Trend Analysis. Presented below is selected financial data for Apple Inc., for the five-year period 2015 to 2019. (in millions) Net sales Net income Dividends (per share) Total assets Noncurrent liabilities Total shareholders' equity Cash, cash equivalents, and marketable securities Required 1. Comment on the relationship between the growth in net sales and the growth in net income over the period 2015 to 2019 and what that implies regarding cost expenses. Note: Round the percentages to two decimal points (i.e. show 14.445% as 14.45%). From 2015 to 2019 sales grew by: 0 % From 2015 to 2019 net income grew by: 0 Was Apple able to achieve greater efficiencies with their growth? Financial leverage 2016 2015 2019 2018 2017 $234,157 $239,036 $206,311 $194,075 $210,344 49,730 53,578 48,351 41,118 48,055 2.70 2.16 2.45 304,664 329,153 337,787 128,079 128,384 126,412 102,988 1.96 1.78 289,517 261,311 81,342 81,439 96,432 120,642 115,424 107,420 66,763 60,440 37,796 90,501 59,671 2. Comment on the company's financial leverage over this period. Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45). 2019 2018 2015 0 0 % 2017 0 2016 0 0

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Chapter5: Evaluating Operating And Financial Performance
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Analyzing Financial Data: Trend Analysis.
Presented below is selected financial data for Apple Inc., for the five-year period 2015 to 2019.
(in millions)
Net sales
Net income
Dividends (per share)
Total assets
Noncurrent liabilities
Total shareholders' equity
Cash, cash equivalents, and marketable securities
Required
1. Comment on the relationship between the growth in net sales and the growth in net income
over the period 2015 to 2019 and what that implies regarding cost expenses.
Note: Round the percentages to two decimal points (i.e. show 14.445% as 14.45%).
From 2015 to 2019 sales grew by: 0
%
From 2015 to 2019 net income grew by: 0 %
Was Apple able to achieve greater efficiencies with their growth?
Financial leverage
2. Comment on the company's financial leverage over this period.
Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45).
2019
2018
2015
https:
2019 2018 2017 2016 2015
$234,157 $239,036 $206,311 $194,075 $210,344
49,730 53,578 48,351 41,118 48,055
1.78
1.96
2.70
2.45 2.16
304,664 329,153 337,787 289,517 261,311
128,079 128,384 126,412 102,988 81,342
81,439 96,432 120,642 115,424 107,420
90,501 59,671 66,763 60,440 37,796
0
0
2017
0
2016
→
0
0
Transcribed Image Text:Analyzing Financial Data: Trend Analysis. Presented below is selected financial data for Apple Inc., for the five-year period 2015 to 2019. (in millions) Net sales Net income Dividends (per share) Total assets Noncurrent liabilities Total shareholders' equity Cash, cash equivalents, and marketable securities Required 1. Comment on the relationship between the growth in net sales and the growth in net income over the period 2015 to 2019 and what that implies regarding cost expenses. Note: Round the percentages to two decimal points (i.e. show 14.445% as 14.45%). From 2015 to 2019 sales grew by: 0 % From 2015 to 2019 net income grew by: 0 % Was Apple able to achieve greater efficiencies with their growth? Financial leverage 2. Comment on the company's financial leverage over this period. Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45). 2019 2018 2015 https: 2019 2018 2017 2016 2015 $234,157 $239,036 $206,311 $194,075 $210,344 49,730 53,578 48,351 41,118 48,055 1.78 1.96 2.70 2.45 2.16 304,664 329,153 337,787 289,517 261,311 128,079 128,384 126,412 102,988 81,342 81,439 96,432 120,642 115,424 107,420 90,501 59,671 66,763 60,440 37,796 0 0 2017 0 2016 → 0 0
From 2015 to 2019 sales grew by: 0
From 2015 to 2019 net income grew by: 0
Was Apple able to achieve greater efficiencies with their growth?
2. Comment on the company's financial leverage over this period.
Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45).
2019 >
2018
2016
2015
Asset turnover
2019
Financial leverage
During this period, Apple's level of debt:
During this period, Apple's percentage of debt relative to both assets and shareholders' equity:
♦
0
0
Apple's 2019 asset turnover is
%
0
0
2017
%
3. Comment on the company's asset turnover:
Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45).
2018
2016
2015
2017
0
0
0
0
+
+ compared to 2015.
0
4. Do you believe that Apple can comfortably support paying its dividend?
0
Transcribed Image Text:From 2015 to 2019 sales grew by: 0 From 2015 to 2019 net income grew by: 0 Was Apple able to achieve greater efficiencies with their growth? 2. Comment on the company's financial leverage over this period. Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45). 2019 > 2018 2016 2015 Asset turnover 2019 Financial leverage During this period, Apple's level of debt: During this period, Apple's percentage of debt relative to both assets and shareholders' equity: ♦ 0 0 Apple's 2019 asset turnover is % 0 0 2017 % 3. Comment on the company's asset turnover: Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45). 2018 2016 2015 2017 0 0 0 0 + + compared to 2015. 0 4. Do you believe that Apple can comfortably support paying its dividend? 0
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