Apple
Apple Apple
Financial Analysis Liquidity Ratios Working capital increased because total assets increased. Current ratio has decreased because current liabilities have almost doubled in the year. Receivables turnover has decreased because net sales increased substantially while accounts receivable only increased by a little bit. Average day’s sales uncollected has increased because receivables turnover had decreased. Inventory turnover has increased because inventory for 2010 has increased. Average day’s inventory on hand has decreased because inventory turnover has increased showing that Apple is selling more inventory and is having less inventory on hand.
Financial Analysis Profitability Ratios 2009 2010 Profit Margin 19.2% 21.5% Asset Turnover .96 1.1 Return on Assets 25.5% 23.8% Return on Equity 20.7% 35.3%
- Page 2 and 3: Apple inc. has done really well for
- Page 4 and 5: Audit Report Apple’s independent
- Page 6 and 7: Apples future plan is to develop op
- Page 8 and 9: Assets= Liabilities+ Stockholder’
- Page 10 and 11: •Revenue Recognition- Net sales i
- Page 12 and 13: Topics of the Notes to Financial St
- Page 16 and 17: Financial Analysis Profitability Ra
- Page 18: Financial Analysis Market Strength
Financial Analysis<br />
Profitability Ratios<br />
2009 2010<br />
Profit Margin 19.2% 21.5%<br />
Asset Turnover .96 1.1<br />
Return on Assets 25.5% 23.8%<br />
Return on Equity 20.7% 35.3%
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