1.Go to Apple’s® Investor Relations website
2.Select the Financial Information tab.
3.Select the 10-K annual report dated 2016
1.Go to Microsoft’s® Investor Relations website
2.Select Annual Reports
3.Select 2016 Annual Report
Source: Apple Inc. Investor Relations. Retrieved from http://investor.apple.com/
Source: Microsoft. Investor Relations. Retrieved from https://www.microsoft.com/en-us/investor
You are part of a team of consultants analyzing the financial statements of Apple Inc. and Microsoft Inc. in order to assist investors in making decisions. You and your teammates will analyze different components of the Apple and Microsoft financial statements. You will use the contributions from your virtual teammates to address the concerns of the potential investors. The following conversation takes place in your team meeting:
Bill: Hi team, our goal is to gather data about Apple Inc. and Microsoft Inc.in order to provide our customers with accurate information about investing in these companies.
Sue: We need information about the company’s assets and liabilities to ensure that they are in a stable financial position.
Bill: Right Sue, we need to know the company’s cash and cash equivalents as well as the total current assets and liabilities. Can you get me that information as soon as possible? An investor wants to know if the company will use their money to grow or pay debt. Let’s bring you in to take a look at the current stock and equity of the company.
Sue: Sounds good, we can always use another set of eyes.
What types of stock do Apple and Microsoft have and what is the par value?
What CPA firm last audited the Apple and Microsoft financial statements?
What are the earnings per share for Apple and Microsoft in the most current year?
Has Apple or Microsoft paid any dividends in the most current year?
Based on the information provided by your team members and any other relevant news articles you may find, compute the current ratio for Apple and Microsoft to use in your recommendation for investment.
Provide Bill, the team leader, with the checklist information. In addition, provide a written analysis (1–2 paragraphs) to the potential investor that clearly states if an investment in Apple or Microsoft is a good idea. Provide supporting documentation as needed. Ensure that you have used correct spelling, grammar, punctuation, mechanics, and usage. When citing sources (in-text citations and reference list), you should use current APA format and style. Review Writing Center resources on APA style and formatting. Access the Writing Center from the Academic Success Center found in the Academic Tools area in your course.
Sue’s team input
What data about cash and cash equivalents are shown in the consolidated balance sheet?
Apple: Cash and cash equivalents are reported at $20,484 million for 2016 and $21,120 million for 2015.
Microsoft: Cash and cash equivalents are reported at $6,510 million for 2016 and $5,950 million for 2015.
What were the total current assets and total current liabilities at September 28, 2013?
Apple: Total current assets at September 28, 2016, $106,869 million; total current liabilities at September 28, 2016, $79,006 million.
Microsoft: Total current assets at June 30, 2016, $139,660 million; total current liabilities at June 30, 2016, $59,570 million.
What type of stock do Apple and Microsoft have and what is the par or stated value per share of Apple’s common stock?
Apple has common stock.
Microsoft has common stock.
What CPA firm performed the audit of Apple and Microsoft financial statements?
Ernst & Young LLP was the CPA firm that audited Apple’s financial statements.
Deloitte & Touche LLP was the CPA firm that audited Microsoft’s financial statements.
What was the amount of Apple’s earnings per share in 2016? What was the amount of Microsoft’s earnings per share in 2016?
Apple’s basic earnings per share was $8.35, and its diluted earnings per share was $8.31.
Microsoft’s basic earnings per share was $2.12, and its diluted earnings per share was $2.10.
What amount, if any, did Apple and Microsoft declare in dividends on common stock in the year ended September 28, 2016?
According to the Consolidated Statements of Shareholders’ Equity, Apple declared $12,188 in dividends and dividend equivalent.
According to the Consolidated Statements of Shareholders’ Equity, Microsoft declared $11,329 in dividends and dividend equivalent.
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.