Question

In: Accounting

Find an annual report for a company of interest (perhaps your employer). Publicly held company annual...

Find an annual report for a company of interest (perhaps your employer). Publicly held company annual reports (10K) can be located via Edgar Archives on the Security and Exchange website.

To perform the search in the Edgar Archives you can use either the company name or "ticker symbol" for the company. [View instructions on how to access the annual reports]

Morningstar.com

Edgar Archives

Click on the link to "Interactive Data" and then the link to the "Financial Statements". Locate and review the Income Statement and Balance Sheet. Title your post with the name of your company and share the following in your post:

What is the name of your company?

What is the web address that leads to your financial reports?

Why are you interested in this company?

Calculate the return on assets ratio.

What have you learned from this analysis?

After you have conducted your research, please share with the class approximately 1-2 paragraphs.

Use proper sentence structure and language.

Solutions

Expert Solution

The questions have been answered as below:

Part a)

What is the name of your company?

The company selected for research is Apple Inc..

_____

Part b)

What is the web address that leads to your financial reports? - https://www.sec.gov/Archives/edgar/data/320193/000032019317000070/a10-k20179302017.htm

_____

Part c)

Why are you interested in this company?

The company has been constantly involved in developing new and improved technology for its phones and computers. These innovations have made the company one of the most preferred brands in the technology category throughout the world indicating higher growth opportunities. This would mean better returns for an investor planning to invest in the technology industry.

_____

Part d)

Calculate the return on assets ratio?

The return on assets ratio is calculated as below:

Return on Assets (2017) = Net Income/Total Assets*100 = 48,351/375,319*100 = 12.88%

Return on Assets (2016) = Net Income/Total Assets*100 = 45,687/321,686*100 = 14.20%

_____

Part e)

What have you learned from this analysis?

Based on the above calculation of return on assets, we can conclude that the company was more efficient in utilizing its assets/resources in 2016 when compared to 2017. In other words, the company utilized its assets more productively in the generation of its income in the year 2016 as indicated by higher ROA of 14.20%.

_____

Part f)

After you have conducted your research, please share with the class approximately 1-2 paragraphs.

The company that was selected for the assignment was Apple Inc. In order to complete the research and analysis, the relevant financial statements have been obtained from the SEC (securities and exchange commission) website. The 10K report for the year ending on 30th September 2017 is used for the purposes of this assignment. This report contains financial figures for both 2017 and 2016. As per the requirements, the return on assets ratio has been calculated for both 2017 and 2016. The return on assets ratio has decreased from 14.20% in 2016 to 12.88% in 2017. However, judging a company's performance solely on the basis of this single ratio may not be correct and other ratios are also required to be calculated for proper evaluation.

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Find an annual report for a company of interest (perhaps your employer). Publicly held company annual...

Find an annual report for a company of interest (perhaps your employer). Publicly held company annual reports (10K) can be located via Edgar Archives on the Security and Exchange website. To perform the search in the Edgar Archives you can use either the company name or "ticker symbol" for the company. [View instructions on how to access the annual reports] Click on the link to "Interactive Data" and then the link to the "Financial Statements". Locate and review the Income...

First, select a publicly held company. Retrieve their annual financial statements either from their website or...

First, select a publicly held company. Retrieve their annual financial statements either from their website or from the SEC EDGAR Company Filings. Note: do a search for "Option" and make sure the selected company uses option contracts. What is the company you have selected? What is the company using their option contract for? What is the value of the option contract in the Annual Statements? Copy/paste a picture of the value from the financial statements. Imagine you are a retiree...

To analyze the financial statements of a publicly traded company Obtain an annual report from a...

To analyze the financial statements of a publicly traded company Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company’s financial statements include deferred taxes, postretirement benefits, dilutive securities, and share-based compensation. Using techniques you have learned in the previous weeks, respond to the following questions. PICK ANY COMPANY and obtain a report What amount of deferred tax assets or deferred tax liabilities are on the two most recent years on the...

Select your favorite drink or snack item manufactured by a publicly held company. For this product...

Select your favorite drink or snack item manufactured by a publicly held company. For this product predict the following: 1. Where is the product manufactured? 2. Given the suggested retail price of the company and using a 50% markup on price at retail, determine the sell price to the distributor/merchandiser. Review the company’s overall gross margin. If the product is sold direct to the consumer, you may apply the gross margin as calculated. Applying the gross margin percentage to your...

Merriweather Company, a publicly-held firm, is completing its 10-K report for fiscal 2020. Merriweather considers that...

Merriweather Company, a publicly-held firm, is completing its 10-K report for fiscal 2020. Merriweather considers that it is involved in five separate lines of business. The following information is available, from which Merriweather must determine which segments are reportable and what that disclosure should look like. use 10% test (what that disclosure should look like?) Line of business Total revenue Operating Profit or (loss) Identifiable assets Children's wear 120,000,000 30,000,000 167,000,000 Women's wear 20,000,000 3,000,000...

I need a publicly traded company and their annual report as well as three years financial...

I need a publicly traded company and their annual report as well as three years financial statements for finance class

Select a publicly traded company and access the company's most recent annual report (select the "Investors"...

Select a publicly traded company and access the company's most recent annual report (select the "Investors" menu item). Locate the notes to the financial statements and identify the information topics disclosed in these footnotes and explain the reasons for disclosure.

Select a publicly traded company (Mcdonalds) and access the company's most recent annual report (select the...

Select a publicly traded company (Mcdonalds) and access the company's most recent annual report (select the "Investors" menu item). Locate the notes to the financial statements and identify the information topics disclosed in these footnotes and explain the reasons for disclosure. Please share the link to the report.

You are the CFO of a publicly held company and need to raise capital for the...

You are the CFO of a publicly held company and need to raise capital for the firm by issuing some kind of equity. Why would a firm want to issue both preferred stock and common stock rather than just one category of stock? Search an article or the Internet for an academic or industry-related article. Select an article that relates to these concepts in the context of doing business in Saudi Arabia. For your discussion post, your first step is...

A publicly‐held corporation has a total debt of $12 million with an average interest cost of...

A publicly‐held corporation has a total debt of $12 million with an average interest cost of 15%. The company has outstanding 1 million shares of common stock, currently traded at a price of ₺10/share in NYSE. The company is subject to a 20% corporate tax rate. If the risk‐free rate of interest (current yield on short‐term T‐bills) is 8%, the stock market is expected to return 18% next year and the company’s estimated (CAPM) beta is 1.5, what is the...

Subjects