This case will help you learn to use a company’s

This case will help you learn to use a company’s inventory notes. The notes are part of the They give details that would clutter the themselves. Refer to Apple Inc.’s consolidated and related notes in Appendix A and online in the filings section of www.sec.gov and answer the following questions:

Requirements

1. How much was Apple’s merchandise inventory at September 24, 2016? At September 26, 2015? Does Apple include all inventory that it handles in the inventory account on its balance sheet?

2. Refer to Note 1, Summary of Significant Accounting Policies, Inventories section. How does Apple value its inventories? Which cost method does the company use?

3. Using the cost-of-goods-sold model, compute Apple’s purchases of inventory during the year ended September 24, 2016.

4. Did Apple’s gross profit percentage on company sales improve or deteriorate in the year ended September 24, 2016, compared to the previous year?

5. Assume that on September 27, 2014, was $2,111 million. (Remember that the in one period becomes the beginning inventory in the next period.) Compute Apple’s inventory turnover for 2016 and 2015. Is Apple’s rate of inventory turnover for the years ended September 24, 2016, and September 26, 2015, fast or slow compared to most other companies in its industry? Explain your answer.

6. Go to the SEC’s website (www.sec.gov). Find Apple’s consolidated and consolidated statement of operations for the fiscal year ended September 30, 2017. What has happened to the company’s inventory turnover and gross profit percentages since September 24, 2016? Why have they changed? Where would you find the company’s explanations for the changes? (Challenge)

Data from Apple Inc.’s

How Our Website Works

1. FILL IN OUR SIMPLE ORDER FORM

It has never been easier to place your order. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process.

2. PROCEED WITH THE PAYMENT

All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.

3. WRITER ASSIGNMENT

Next, we match up your order details with the most qualified freelance writer in your field.

4. WRITING PROCESS

Once we have found the most suitable writer for your assignment, they start working on a masterpiece just for you!

5. DELIVERY

Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it. Sometimes, the writer may leave a note for you about the order in case there is any additional information that they need to give you.

Leave a Reply

Your email address will not be published.