Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN: 9780357033609
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
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Textbook Question
Chapter 11, Problem 7FPE
Using the Value Line Investment Survey report in Exhibit 11.5, find the following information for Apple.
- a. What was the amount of revenues (i.e., sales) generated by the company in 2017?
- b. What were the latest annual dividends per share and dividend yield?
- c. What is the earnings per share (EPS) projection for 2019?
- d. How many shares of common stock were outstanding?
- e. What were the book value per share and EPS in 2017?
- f. How much long-term debt did the company have in the third quarter of 2018?
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Use Apple’s financial statements to calculate the following ratios and summary measures for fiscal 2020 and 2019 (round to the nearest tenth). Indicate whether the ratio was more favorable in 2020 or 2019. Apple’s stock price was $115 per share on Sept. 30, 2020 and $55 on Sept. 30, 2019.
Fiscal 2020
Fiscal 2019
Is the Ratio
more favorable
in 2020 or 2019?
Return on Assets
You are given the financial statements of a company for over the 6-year periods (2016 –2021).
Considering 2016 as the base year, compute the trend index for the following items:a. Revenue, cost of goods sold, total expenses and net earnings. Comment on the trends of each of the items.b. Total assets, total liabilities and shareholders’ equity. Comment on the trends of each of the items.c. Cash flow from operation, cash flow from investing, cash flow from financing and closing cash balances. Comment on the trends of each of the items.
Use Apple’s financial statements to calculate the following ratios and summary measures for fiscal 2020 and 2019 (round to the nearest tenth). Indicate whether the ratio was more favorable in 2020 or 2019. Apple’s stock price was $115 per share on Sept. 30, 2020 and $55 on Sept. 30, 2019.
Fiscal 2020
Fiscal 2019
Is the Ratio
more favorable
in 2020 or 2019?
DAYS RECEIVABLE
DAYS INVENTORY
RETURN ON ASSETS
PROFIT MARGIN %
GROSS MARGIN %
RETURN ON EQUITY
CURRENT RATIO…
Chapter 11 Solutions
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
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