In: Accounting
Afternoon I would like to use Apple as my example Go to Yahoo Finance and select a company. Then, share with the class either the company’s gross profit or total operating expenses, as well as the company’s net income. Can you please make sure your answer is clear where I can read it my eyes are really bad thank you
Answer: (source yahoo finance)Apple Inc
Income statement | ||||
All numbers in thousands | ||||
Revenue |
29-09-18 | 30-09-17 | 24-09-16 | 26-09-15 |
Total revenue | 26,55,95,000 | 22,92,34,000 | 21,56,39,000 | 23,37,15,000 |
Cost of revenue | 16,37,56,000 | 14,10,48,000 | 13,13,76,000 | 14,00,89,000 |
Gross profit | 10,18,39,000 | 8,81,86,000 | 8,42,63,000 | 9,36,26,000 |
Operating expenses | ||||
Research development | 1,42,36,000 | 1,15,81,000 | 1,00,45,000 | 80,67,000 |
Selling general and administrative | 1,67,05,000 | 1,52,61,000 | 1,41,94,000 | 1,43,29,000 |
Non-recurring | - | - | - | - |
Others | - | - | - | - |
Total operating expenses | 19,46,97,000 | 16,78,90,000 | 15,56,15,000 | 16,24,85,000 |
Operating income or loss | 7,08,98,000 | 6,13,44,000 | 6,00,24,000 | 7,12,30,000 |
Income from continuing operations | ||||
Total other income/expenses net | 20,05,000 | 27,45,000 | 13,48,000 | 12,85,000 |
Earnings before interest and taxes | 7,08,98,000 | 6,13,44,000 | 6,00,24,000 | 7,12,30,000 |
Interest expense | -32,40,000 | -23,23,000 | -14,56,000 | -7,33,000 |
Income before tax | 7,29,03,000 | 6,40,89,000 | 6,13,72,000 | 7,25,15,000 |
Income tax expense | 1,33,72,000 | 1,57,38,000 | 1,56,85,000 | 1,91,21,000 |
Minority interest | - | - | - | - |
Net income from continuing ops | 5,95,31,000 | 4,83,51,000 | 4,56,87,000 | 5,33,94,000 |
Non-recurring events | ||||
Discontinued operations | - | - | - | - |
Extraordinary items | - | - | - | - |
Effect of accounting changes | - | - | - | - |
Other items | - | - | - | - |
Net income | ||||
Net income | 5,95,31,000 | 4,83,51,000 | 4,56,87,000 | 5,33,94,000 |
Preferred stock and other adjustments | - | - | - | - |
Net income applicable to common shares | 5,95,31,000 | 4,83,51,000 | 4,56,87,000 | 5,33,94,000 |