Search online for the latest Apple 2015 annual financial report (form 10-K, file

Question

Search online for the latest Apple 2015 annual financial report (form 10-K, filed Oct 28, 2015) Submit a copy of its balance sheet and income statement Calculate its annual growth rate on revenue, cost of revenue, general administrative expenses, net income in its income statement in 2015 and 2014. Explain the reason for high growth of net income Calculate its annual growth rate on total assets, total current assets, account receivable, total current liabilities, and retained earnings in the balance sheet 2015. Explain why Apple assets increase in 2015.

Explanation / Answer

Sales increased by 27.86% where as cost of sales only increased by 24.79% contributing to 35.14% growth in net income

APPLE INC TABLE6 Form Type: 10-K Period End: Sep 26, 2015 Date Filed: Oct 28, 2015 2015 2014 2013 2012 2011 Net sales $               233,715 $               182,795 $               170,910 $               156,508 $               108,249 Net income $                53,394 $                39,510 $                37,037 $                41,733 $                25,922 Earnings per share: Basic $                    9.28 $                    6.49 $                    5.72 $                    6.38 $                    4.01 Diluted $                    9.22 $                    6.45 $                    5.68 $                    6.31 $                    3.95 Cash dividends declared per share $                    1.98 $                    1.82 $                    1.64 $                    0.38 $0 Shares used in computing earnings per share: Basic 5,753,421 6,085,572 6,477,320 6,543,726 6,469,806 Diluted 5,793,069 6,122,663 6,521,634 6,617,483 6,556,514 Total cash, cash equivalents and marketable securities $               205,666 $               155,239 $               146,761 $               121,251 $                81,570 Total assets $               290,479 $               231,839 $               207,000 $               176,064 $               116,371 Commercial paper $                  8,499 $                  6,308 $0 $0 $0 Total term debt (2) $                55,963 $                28,987 $                16,960 $0 $0 Other long-term obligations (1) $                33,427 $                24,826 $                20,208 $                16,664 $                10,100 Total liabilities $               171,124 $               120,292 $                83,451 $                57,854 $                39,756 Total shareholders' equity $               119,355 $               111,547 $               123,549 $               118,210 $                76,615

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