Question
In: Accounting
8. AA 12-2 Comparative Analysis LO A1 Key figures for Apple and Google follow. Apple Google...
8. AA 12-2 Comparative Analysis LO A1
Key figures for Apple and Google follow.
| Apple | |||||||||||||||||||
| $ millions | Current Year | 1 Year Prior | 2 Years Prior | Current Year | 1 Year Prior | 2 Years Prior | |||||||||||||
| Operating cash flows | $ | 63,598 | $ | 65,824 | $ | 81,266 | $ | 37,091 | $ | 36,036 | $ | 26,572 | |||||||
| Total assets | 375,319 | 321,686 | 290,345 | 197,295 | 167,497 | 147,461 | |||||||||||||
Required:
1. Compute the recent two years’ cash flow on
total assets ratios for Apple and Google.
2. For the current year, which company has the
better cash flow on total assets ratio?
3. For the current year, does cash flow on total
assets outperform or underperform the industry (assumed) average of
15% for (a) Apple and (b) Google?
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Key figures for Apple and Google follow. Apple Google $ millions Current Year One Year Prior...
Key figures for Apple and Google follow.
Apple
Google
$ millions
Current Year
One Year Prior
Two Years Prior
Current Year
One Year Prior
Two Years Prior
Net income
$
48,351
$
45,687
$
53,394
12,662
19,478
16,348
Income taxes
15,738
15,685
19,121
14,531
4,672
3,303
Interest expense
2,323
1,456
733
109
124
104
Required:
1. Compute times interest earned for the three
years' data shown for each company.
2. In the current year, and using times interest
earned, which...
Key Figures Apple Google Net income (in millions) $ 45,687 $ 19,478 Cash dividends declared per...
Key Figures
Apple
Google
Net income (in millions)
$
45,687
$
19,478
Cash dividends declared per common share
$
2.18
$
-
Common shares outstanding (in millions)
5,336.166
691.293
Weighted-average common shares outstanding (in millions)
5,470.820
687.782
Market value (price) per share
$
112.71
$
771.82
Equity applicable to common shares (in millions)
$
128,249
$
139,036
Required:
1. Compute the book value per common share for
each company using these data.
2. Compute the basic EPS for each company...
Problem 17-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative financial statements of...
Problem 17-1A Calculation and analysis of trend percents LO A1,
P1 Selected comparative financial statements of Haroun Company
follow. HAROUN COMPANY Comparative Income Statements For Years
Ended December 31, 2017–2011 ($ thousands) 2017 2016 2015 2014 2013
2012 2011 Sales $ 2,870 $ 2,514 $ 2,287 $ 2,096 $ 1,956 $ 1,819 $
1,491 Cost of goods sold 2,063 1,678 1,444 1,264 1,174 1,098 875
Gross profit 807 836 843 832 782 721 616 Operating expenses 614 480
440 325...
Problem 17-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative financial statements of...
Problem 17-1A Calculation and analysis of trend percents LO A1,
P1
Selected comparative financial statements of Haroun Company
follow.
HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017–2011
($ thousands)
2017
2016
2015
2014
2013
2012
2011
Sales
$
1,679
$
1,470
$
1,338
$
1,226
$
1,144
$
1,064
$
872
Cost of goods sold
1,207
982
845
739
687
643
512
Gross profit
472
488
493
487
457
421
360
Operating expenses
359
281
257
190...
Required information Problem 17-5A Comparative ratio analysis LO A1, P3 [The following information applies to the...
Required information
Problem 17-5A Comparative ratio analysis LO A1, P3
[The following information applies to the questions
displayed below.]
Summary information from the financial statements of two companies
competing in the same industry follows.
Barco
Company
Kyan
Company
Barco
Company
Kyan
Company
Data from
the current year-end balance sheets
Data from
the current year’s income statement
Assets
Sales
$
800,000
$
912,200
Cash
$
18,000
$
34,000
Cost of goods sold
596,100
650,500
Accounts receivable, net
37,400
56,400
Interest expense...
Problem 13-5A Comparative ratio analysis LO A1, P3 [The following information applies to the questions displayed...
Problem 13-5A Comparative ratio analysis LO A1, P3
[The following information applies to the questions
displayed below.]
Summary information from the financial statements of two companies
competing in the same industry follows.
Barco
Company
Kyan
Company
Barco
Company
Kyan
Company
Data from the current year-end balance
sheets
Data from the current year’s income
statement
Assets
Sales
$
770,000
$
880,200
Cash
$
19,500
$
34,000
Cost of goods sold
585,100
632,500
Accounts receivable, net
37,400
57,400
Interest expense
7,900...
Problem 13-5A Comparative ratio analysis LO A1, P3 [The following information applies to the questions displayed...
Problem 13-5A Comparative ratio analysis LO A1, P3
[The following information applies to the questions
displayed below.]
Summary information from the financial statements of two companies
competing in the same industry follows.
Barco
Company
Kyan
Company
Barco
Company
Kyan
Company
Data from the current year-end balance
sheets
Data from the current year’s income
statement
Assets
Sales
$
770,000
$
880,200
Cash
$
19,500
$
34,000
Cost of goods sold
585,100
632,500
Accounts receivable, net
37,400
57,400
Interest expense
7,900...
Problem 13-5A Comparative ratio analysis LO A1, P3 [The following information applies to the questions displayed...
Problem 13-5A Comparative ratio analysis LO A1, P3
[The following information applies to the questions
displayed below.]
Summary information from the financial statements of two
companies competing in the same industry follows.
Barco
Company
Kyan
Company
Barco
Company
Kyan
Company
Data from the current year-end balance
sheets
Data from the current year’s income statement
Assets
Sales
$
770,000
$
880,200
Cash
$
19,500
$
34,000
Cost of goods
sold
585,100
632,500
Accounts receivable, net...
Integration Exercise 9 Master Budgeting. LO 8-2, LO 8-3, LO 8-4, LO 8-5, LO 8-6, LO...
Integration Exercise 9 Master Budgeting. LO 8-2, LO 8-3, LO 8-4,
LO 8-5, LO 8-6, LO 8-7, LO8-9, LO 8-10
Endless Mountain Company manufactures a single product that is
popular with recreation enthusiasts. The company sells its product
to retailers throughout the quadrant of the United States. It is in
the process of creating a master budget for reports a balance sheet
as December 31, 2016 as follows:
Endless Mountain Company
Balance Sheet
December 31, 2016
Assets
Current Assets:
Cash...
Integration Exercise 9 Master Budgeting. LO 8-2, LO 8-3, LO 8-4, LO 8-5, LO 8-6, LO...
Integration Exercise 9 Master Budgeting. LO 8-2, LO 8-3, LO 8-4,
LO 8-5, LO 8-6, LO 8-7, LO8-9, LO 8-10
Endless Mountain Company manufactures a single product that is
popular with recreation enthusiasts. The company sells its product
to retailers throughout the quadrant of the United States. It is in
the process of creating a master budget for reports a balance sheet
as December 31, 2016 as follows:
Endless Mountain Company
Balance Sheet
December 31, 2016
Assets
Current Assets:
Cash...
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