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Apple Computers

2011
Financial Statement Analysis

Abhaya Chauhan, Surya Dantuluri, Vininder Singh

Apple Computers

2011
Financial Statement Analysis

Abhaya Chauhan, Surya Dantuluri, Vininder Singh

Contents
0
Introduction 2
Assets and Liabilities 2
Analysis of Various Ratios 2
Liquidity Analysis: 2
Current Ratio: 2
Quick Ratio: 3
Solvency Analysis: 3
Liability-to-Equity: 3
Times Interest Earned: 3
Profitability Ratio: 4
Return on Assets: 4
Return on Equity: 4
Activity Ratios: 4
RNOA (Return on Net Operating Assets): 4
Net working Capital: 5
Accounts Receivable Turnover: 5
Footnotes Analysis 5
Research and Development 5
Stock performance 6
Stock-Based Compensation 6
Provision for Income Taxes 6
Inventories 7
Property, Plant and Equipment 7
Accounts Receivable 7
Off-Balance Sheet Arrangements 7
Commitments and Contingencies 8
Lease Commitments 8
Accrued Warranty and Indemnifications 8
Conclusion 8
Appendix 9
References: 13

Introduction

Assets and Liabilities

Analysis of Various Ratios
Ratio analysis is done from the values from the company’s balance sheets, cash flows, operating statements and income statements. These ratios give an overview of the company and these ratios can be compared with other companies. We have calculated various ratios from the financial statements given and explained how profitable for a shareholder to consider investing in Apple.
Liquidity Analysis:
Liquidity refers to cash availability, how much a company has and how much the company can rise on short notice or the company’s ability to pay off short-term debts. The higher value the ratio indicates the larger margin of safety that a company has to cover short-term debts. Most common used ratios are Current ratio and Quick Ratio.
Current Ratio:
Current assets are the assets that a…...

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