Question

supply chain management

The income statement and the Balance sheet for Apple Inc. are shown.   Find ROE, ROA, ROFL, ART, INVT, PPET, and C2C for both 2018 and 2019 statements.  Which of these financial measures Apple showed improvement from a supply chain perspective? (15 points)

	2019 9/28/19	2018 9/29/18
NET SALES OR REVENUES	260,174	265,595
Cost of Goods Sold (Excl Depreciation)	149,235	152,853
Depreciation, Depletion And Amortization	12,547	10,903
Depreciation	12,547	10,903
Amortization of Intangibles	--	--
Amortization of Deferred Charges	0	0
GROSS INCOME	98,392	101,839
Selling, General & Admin Expenses	34,462	30,941
Research and Development Expense	16,217	14,236
OPERATING INCOME	63,930	70,898
Non-Operating Interest Income	4,961	5,686
Other Income/Expenses - Net	422	(441)
Interest Expense On Debt	3,576	3,240
PRETAX INCOME	65,737	72,903
Income Taxes	(10,481)	(11,872)
Current Domestic Income Tax	6,859	42,476
Current Foreign Income Tax	3,962	3,986
Deferred Domestic Income Tax	(3,006)	(35,771)
Deferred Foreign Income Tax	2,666	1,181
NET INCOME BEFORE EXTRA ITEMS/PREFERRED DIVIDENDS	55,256	61,031
Extra Items & Gain/Loss Sale of Assets	0	(1,500)
NET INCOME USED TO CALCULATE BASIC EARNINGS PER SHARE	55,256	61,031
Shares used in computing earnings per share - Fully Diluted	18,596	20,000
Earning per Common Share - Basic	2.99	3.08
Earning per Common Share - Fully Diluted	2.97	3.05

() = Negative Values

	2019 9/28/19	2018 9/29/18
Cash	48,867	25,913
Short Term Investments	51,713	40,388
ASSETS
Cash & Short Term Investments	100,580	66,301
Receivables - Net	45,804	48,995
Work in Progress	--	--
Finished Goods	--	--
Inventories - Total	4,106	3,956
Prepaid Expenses	--	--
Other Current Assets	12,329	12,087
CURRENT ASSETS - TOTAL	162,819	131,339
Buildings	17,085	16,216
Machinery & Equipment	--	--
Other Property, Plant & Equipment	9,075	8,205
Property, Plant and Equipment - Gross	95,957	90,403
Accumulated Depreciation	(58,579)	(49,099)
Property, Plant and Equipment - Net	37,378	41,304
Other Investments	106,698	170,799
Other Tangible Assets	31,621	22,283
Total Intangible Other Assets - Net	0	0
Other Assets - Total	31,621	22,283
TOTAL ASSETS	338,516	365,725
LIABILITIES
Accounts Payable	46,236	55,888
Short Term Debt & Current Portion of Long Term Debt	16,240	20,748
Other Current Liabilities	43,242	40,230
CURRENT LIABILITIES - TOTAL	105,718	116,866
Long Term Debt	91,807	93,735
Deferred Income	0	2,797
Deferred Taxes - Credit	--	426
DEFERRED TAXES	--	426
Other Liabilities	50,503	44,754
TOTAL LIABILITIES	248,028	258,578
EQUITY
Non-Equity Reserves	0	0
Minority Interest	0	0
Preferred Stock	0	0
Common Stock	45,174	40,201
Other Appropriated Reserves	--	--
Retained Earnings	45,898	70,400
Unrealized Foreign Exchange Gain/Loss	(1,291)	(245)
Unrealized Gain/Loss on Marketable Securities	707	(3,209)
COMMON EQUITY	90,488	107,147
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY	338,516	365,725
SHARE INFORMATION
Common Shares Outstanding	17,773	19,020

() = Negative Values

Answer 1

ROE, ROFL,ART, PPET are more in year 2019 as compared to2018. ROA, INVT, C2C are less compared to year 2018.