Using the Annual Report of Apple answer the following questions - http://investo

Question

Using the Annual Report of Apple answer the following questions - http://investor.apple.com/secfiling.cfm?filingid=1628280-16-20309&cik=320193

What is the value of the company's inventory at year end?

What was the amount of cost of goods sold for the year?

What income statement format does the company use? Explain.

Compute the company's gross profit percentage for the year end.

Did the gross profit percentage improve, worsen, or hold steady?

How does the company's gross profit percentage compare to the industry?

What are the company's inventory turnover and days sales in inventory for the year end? Is there anything interesting to note about these ratios?

Explanation / Answer

An expert is allowed to answer 4 sub parts in case of multi part qtns due to time constraints. Hope this will help ypu. Thanks.

1. value of the company's inventory at year end 2132 millions 2. amount of cost of goods sold for the year 131376 millions 3. income statement format does the company use Classfied and comparative income statements 4. company's gross profit percentage for the year end 39.10% 5. Did the gross profit percentage improve, worsen, or hold steady Declined by 1 %

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