Using the Annual Report of Apple ( http://investor.apple.com/secfiling.cfm?filin

Question

Using the Annual Report of Apple (http://investor.apple.com/secfiling.cfm?filingid=1628280-16-20309&cik=320193) answer the following questions... USE THE GIVEN WEBSITE FOR THE ANNUAL REPORT

How does the assest turnover ratio (0.67) compare to the industry ratio? What does this tell you about the company?

What classifications of debt and/or equity security investments does the company hold?

How are the company's available-for-sale investments reported?

How are the company's trading investments reported?

Explanation / Answer

ASSET TURNOVER RATIO FOR IBM IS .68 WHILST APPLE IS .67 SHOWING THAT APPLE IS COMPARABLE TO SUCH INDUSTRIES FINANCIAL LEVERAGE IS 2.8 which is the use of debt to purchase additional assets INTEREST COVERAGE IS 28.59 which is the number of times additionally that the company can afford to take such inetest commitments, the higher the figure the better RETURN ON EQUITY IS 36.87% shows the return to shareholders of the net income earned $46,671,000 short term investments are available for sale $170,430 are trading investments

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