Sanjin Slavuljica
Professor Farooqi
Corporate Finance
March 16, 2016
MID TERM EXAM ALL DOLLAR AMOUNTS FOR APPLE ARE IN THOUSANDS

PART 1: Financial Position Statements – ON EXCEL (Under Balance Sheet, Income Statement, and Statement of Cash Flows)

PART 2: Financial Ratios and Charts– ON EXCEL (Under Balance sheet)

PART 3: Industry average of ratios

Apple falls in many different categories for industry type. The most common and according to Yahoo finance, Apple is in the electronic equipment industry. Following will be the industry average for all of the ratios found in part 2.

Electronics Equipment average Ratios:
-Current Ratio= 3.45 times
-Return on Equity (ROE)= 4.16 percent
-Return on Assets (ROA)= 10.14
- Profit Margin= 3.80 percent
-Shares Outstanding= 47.14 million
-Price to Earnings= 60.36 times
-Price to Book=2.35 times
-Price to Sales= 2.19 times
-Revenue= $882.51 million
-Gross Profit= $459.38 million
-EBITDA= $106.44 million
-Net Income= $33.54 million
-Total Debt= $309.96 million
-Debt-to-Equity= .38
-Book Value Per Share= 17.41 times
-Cash Flow from Operations= $65.1 million
-Short Ratio= 6.76 times
-EPS= .70
-Price to Earnings to Growth .98 times
-Total Asset 1.46 Billion
-Market Capitalization
-Current Assets= $828.48 million
-Current Liabilities= $240.33 million
Quick Ratio= .47 times
-I could not find a cash ratio for the electronic equipment industry.
-Inventory Turnover= 12.29
-Days’ Sales in inventory= 14.12 days
-Receivables Turnover= 7.69
-Days’ Sales in Receivables= 42.76 days
-NWC Turnover= 22.37
-Fixed asset turnover= 4.22
-Total asset turnover= .49
-P/E ratio= 17.10
-Equity multiplier= 1.73
- I could not find the times interest earned ratio for this industry
-I could not determine Apple’s cash coverage ratio because they did not report any depreciation.

PART 4: DuPont