Business Finance
Rasmussen College Module 5 Apple Company Financial Statements Assignment

Rasmussen College

Question Description

In a 1-2 ppr, please complete the following:

  • Review the financial statements from the manufacturing company you chose in week one.
  • Discuss the importance of each type of budget (master, sales, production, direct materials, manufacturing overhead, sales and administrative).
  • Give 1-2 examples describing how each budget can assist the company in improving profitability for future periods.
  • Be sure that the paper has no spelling or grammatical errors.

***APPLE COMPANY***

Final Answer

Attached.

Running Head: APPLE COMPANY

1

Apple Company
Institutional Affiliation
Date

APPLE COMPANY

2

APPLE COMPANY

3

Apple Company Income Statement Review
Despite the negative impacts that resulted due to changes in the foreign exchange rate for the
year that ended in 2014, earning per share for the quarter were up 4 percent as a result of higher
revenues that were driven by strong demand for the Apple brands, gross margin expansion. The
revenues rose by 13 percent to $7.0 billion, up 14 percent on a currency neutral basis (Kaplan, &
Norton, 1995).
Statement of owners’ equity
The demand creation expense was $733 million that resulted from the market launching products
as well as the upcoming World Cup and investments in retail product presentation for wholesale
accounts. The expenses increased by 15 percent in the year 2015 as a result of investments in
digital innovations, infrastructure, and higher Direct to Consumer costs driven by comparable
store sales growth and new store openings (Kaplan, & Norton, 1995).
Balance Sheet Review
The total expenditures for Apple Company were $3.8 billion in 2013.The changes in the market
economy were the major contributor of the expenditures. Definitely, this combined with the
impact of changes in foreign currency exchange rates (Kaplan, & Norton, 1995).
Cash flow review
In 2015 the cooperation a total of 10.4 million shares for approximately $788 million as part of
the four-year. At the end of the year 2015, a total of 39.6 million shares had been repurchased at
a cost of approximately $2.5 billion, an average cost of $63.21 per share (Davenport, 1998).
D). Ratio calculation

APPLE COMPANY

Financial Ratios

4

COOPORATION

INDUSTRY

2014

2015

2014

2015

Current

3.47

1.45

2.64

1.61

Quick

2.6

1.07

1.55

1.2

Average Collection Period

87.74

130.82

143.14

-

Inventory Turnover

7.37

5.50

4.97

3.6

Total Asset Turnover

1.44

1.25

1.48

1.5

Fixed ...

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