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Apple Sec 10k


Submitted By gazdgina
Words 1037
Pages 5
Apple 10-K Report
Gina Gazdik
Accounting 221


Apple is a company that designs and manufactures computer hardware, software, and other consumer electronics. Steve Jobs, Steve Wozniak, and Ronald Wayne established Apple and incorporated it in 1977, in California. Apple has grown into a multibillion-dollar business and has become a Fortune 500 companies. I chose Apple because I own many other Apple products. Apple started with just the Macintosh computer. Now, they have created other popular items like the Ipad, Iphone, Ipod, Iwatch, and Macbook computers. “The Company’s business strategy leverages its unique ability to design and develop its own operating systems, hardware, application software and services to provide its customers products and solutions with innovative design, superior ease-of-use and seamless integration.”(Apple Inc. 2014)

Balance Sheet

The balance sheet shows the assets, liabilities, and stockholder’s equity. The balance sheet reports that current assets are $68,531 million and the total assets are $231,839 million. The current liabilities are $63,448 million and the total liabilities are $120,292 million. The working capital of $5,028 million shows that Apple is able to pay off their short-term debts. The working capital is the current assets minus the current liabilities. The current working capital ratio is 1.08:1. This is the current assets are divided by the current liabilities. The working capital ratio is not a strong ratio. This means that they can pay all their debt off, yet not have very much left after that. It is important for the company to look for different ways to increase their working capital in the near future so they can finance operations and future growth.

Income Statement

The income statement shows the revenues, expenses, and resulting net income or loss for a specific time period. This

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