Search the internet to find Apple’s fiscal year 2018 annual financial statements. Suggested steps to follow...

Search the internet to find Apple’s fiscal year 2018 annual financial statements. Suggested steps to follow when doing your internet search: Search for Apple Investor Relations, SEC Filings, Annual Filings, 10-K. Once you have arrived there, see the index to help to locate the financial statements. Watch the dates, that is important! For fiscal year end 9/29/2018 and 9/30/2017 answer the following questions.

Name of the financial statement you located the following information on. How many shares of common stock are authorized for fiscal year end 9/30/2017 and 9/29/2018?

How many shares of common stock are issued and outstanding for 9/29/2018?

How many shares of common stock are issued and outstanding for 9/30/2017?

If a financial statement reader wants to see the detail of change in number of shares of stock from the beginning of each year to the end of each fiscal year, which financial statement would he/she refer to?

why Apple’s fiscal year end does not always fall on the same day. Hint: to research this review Apple’s 10-K Part I, Item 1.

Expert Solution

1. The Information of common stock authorized can be located under Consolidated Balance Sheets - Liabilities Side - Under Shareholder's Equity in Form 10-K at Page No. 40.

Number of common stock authorized for fiscal year end 9/30/2017 - 12,600,000

Number of common stock authorized for fiscal year end 9/29/2018 - 12,600,000

2. Common Share which are issued and outstanding.

The Information of issued and outstanding common stock can be located under Consolidated Balance Sheets - Liabilities Side - Under Shareholder's Equity in Form 10-K at Page No. 40.

Number of common stock authorized for fiscal year end 9/29/2018 - 4,754,986

Number of common stock issued and outstanding for fiscal year end 9/30/2017 - 5,126,201

3. The detail of change in number of shares of stock from beginning of each year to the end of each fiscal can be located under Consolidated Statement of Shareholder's Equity in Form 10-K at Page No. 41.

4. The Apple's fiscal year does not fall on the same day because the company's fiscal year is the 52 week or 53 week period that ends on the last Saturday of September as per report 10K - Part I - Item - 1

ekkarill92 answered 1 year ago

You are trying to value Apple’s stock as of the end of their fiscal year 2018....

You are trying to value Apple’s stock as of the end of their fiscal year 2018. You’ve calculated their EBITDA from 2016 to 2018 as $61,429, $83,772, and $71,877. You’ve forecast their future EBITDA for the next five years as $81,312, $89,493, $98,496, $108,406, and $119,313. You’ve calculated their unlevered free cash flows from 2016 to 2018 as $44,932, $65,051, and $43,942. You’ve forecast their future unlevered FCFs for the next five years as $45,303, $58,936, $64,865, $71,391, and $78,574....

Complete an internet search to find the Comprehensive Annual Financial Report (CAFR) for your city (...

Complete an internet search to find the Comprehensive Annual Financial Report (CAFR) for your city ( Wilmington, Delaware). Examine the financial report to help you determine the following: Determine the amount of long-term bonds currently outstanding. Read the supporting information to your municipality’s financial statements and record The market interest rate(s) of the bonds. The date(s) when the bonds will mature. The original issue amount of the bonds.

2. Caterpillar Inc. reported its annual financial statements for the 2018 fiscal year (See the Excel...

2. Caterpillar Inc. reported its annual financial statements for the 2018 fiscal year (See the Excel sheet attached for Cat’s financials in the last 4 years). The day before the report, the firm’s market price per share closed at $127.07. For those who are not familiar with Caterpillar, here is a brief description of their business: Caterpillar Inc. is an American Fortune 100 corporation which designs, develops, engineers, manufactures, markets and sells machinery, and engines to customers via a worldwide...

Please search and review COSTCO financial statements and notes to financial statement for fiscal year 1998...

Please search and review COSTCO financial statements and notes to financial statement for fiscal year 1998 and fiscal year 1999. For the year ended in August 1998, how much and how were membership fees recorded in COSTCO's financial statements? How much net income were reported for fiscal year 1998? Was membership fee recorded correctly? If not, what accounting principle does it violate? Why? How did they fix it? What were the effects of the fix? How much net income would...

Problem 3: Google Apple’s Income Statements for 2016 and 2015. Note that Apple’s financial year ends...

Problem 3: Google Apple’s Income Statements for 2016 and 2015. Note that Apple’s financial year ends on the last working day in September. Also google their Balance Sheets for 2016, 2015, and 2014. We suggest you use the www.nasdaq.com website, which provides all the statements you need—when you click on “Income Statement”, the balance sheet can also be accessed. Now calculate the company’s average collection period for 2016 and 2015, rounding up to the nearest day. (Note the balances in...

Find a data set on the internet. Some suggested search terms: Free Data Sets, Medical Data...

Find a data set on the internet. Some suggested search terms: Free Data Sets, Medical Data Sets, Education Data Sets. Introduce your Data Set and Cite the Source. What trends do you notice in your data set? Based on the trends and the history of your data set, make a claim. What kind of test (left, right, two tailed) would you have to complete? Explain the steps needed to complete the Hypothesis Test. What is needed?

Search the Internet for financial information about the company selected. Search the Internet for financial information...

Search the Internet for financial information about the company selected. Search the Internet for financial information about the company selected. on Pfizer Comapany Evaluate the following in a 525-word response: Characteristics of common and preferred stock. How stock markets work. The connection between the value of shares and dividends. Mention the ticker symbol of the company studied, the current price of the stock, and its financial history. Indicate if you would recommend investing in this stock and why. Explain.

Search on the internet for pro-forma financial statements of any large public company from last year....

Search on the internet for pro-forma financial statements of any large public company from last year. Compare these to the results by looking at the actual financial statements. Many times, the companies will list how they performed compared to their estimates. Write a paragraph about the expectations the company had along with how they actually did. Do you think they met expectations did or did not meet their expectations.

Preparing Financial statements Rockeagle Corrporation began fiscal year 2018 with the following balances in its inventory....

Preparing Financial statements Rockeagle Corrporation began fiscal year 2018 with the following balances in its inventory. Raw Materirals. $30,000 Work in Process. $45,000 Finsished Goods. $14,000 During the accounting period, Rockeagle purchased 125,000 of raw materials and issued 124,000 of materials to the production department. Direct labor costs for the period amounted to 162,000, and manufacturing overhead of 24,000 was applied to work in process inventory. Assumed that there was no over or underapplied overhaed. Goods costing 306,000 to produce...

For Walmart Inc., find the balance sheet and notes to the financial statements in the fiscal...

For Walmart Inc., find the balance sheet and notes to the financial statements in the fiscal year ended on January 31, 2018 Form 10- K. The Form 10- K can be located by going to the home page of the Securities and Exchange Commission and locating the SEC EDGAR Database. The address for the home page is www. sec. gov. Using the information you find, answer the following questions: ( a) What current assets are included on the balance sheet?...

Question