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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]

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 cash ratio.

Calculate the acid-test ratio & accounts receivable turnover ratio.

What have you learned from this analysis?

Solutions

Expert Solution

Name of my company is : APPLE INC (Filer) CIK: 0000320193

Web address that leads to financial reports : https://www.sec.gov/cgi-bin/viewer?action=view&cik=320193&accession_number=0000320193-17-000070&xbrl_type=v#

I am interested in this company because this specific company is always growing company and has excellent growth prospects for the investors and shareholders. It is also very profitable company giving regular returns.

Ratios (All values in millions) All ratios for year 2017

Cash Ratio = Cash and Marketable Securities/Current Liabilities

= 74,181/100,814

= 0.74 times

Acid Test Ratio = Current Assets - Inventory/Current Liabilities

= 123,790/100,814

= 1.23 times

Accounts Receivable Turnover Ratio = Net Credit Sales/Average Accounts Receivable

= 229,234/(17,874 + 15,754)/2

= 229,234/16,814

= 13.63

From the analysis of this company, I have found that the company is a stable company with all the ratios comparable with the industry ratios. Long term investment in this company can lead to very good returns. Company is also generally providing regular dividends around average $2 per share. So, the company is a good prospect.

ekkarill92 answered 1 year ago
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