Attached is Apple Inc.'s financial information. Please answer questions 1-3. 1. Apple's earnings per share in 2021 is ___a. 2.74b. 4.28 c. 3.42d. 5.80 2. Apple's price-to-earnings ratio on 12/31/2021 is ____a. 49.29b. 15.46 c. 23. 28 d. 30.61 3. Apple's working capital turnover in 2021 is___a. 17.27 b. 19.18c. 14.82d. 15.35 9006998202122Income Statement (all numbers in billions)SalesCost of Goods SoldGross ProfitSG&A Exp.Interest ExpenseIncome Before TaxIncome Tax ExpenseNet IncomeCash Flow Statement (all numbers in billions)Cash Flows from OperationsCash Flows from InvestingCash Flows from FinancingNumber of Shares Outstanding (in billions)Stock Price (12/31/2021)Dividends per share for 20212020274.15170.14104.0138.672.8767.099.6857.41202080.67-4.29-86.8216.32177.570.88Balance Sheet (all numbers in billions)365.82 Cash212.98 Marketable Securities152.84 Accounts Receivable43.89 Inventory2.65 Total Current Assets109.21 Fixed Assets14.53 Total Assets94.68 Accounts PayableNotes PayableTotal Current Liabilities2021Long-Term DebtTotal Liabilities104.04 Retained Earnings-14.55 Common Stock-93.35 Total Equity2021202019.987137.454.06143.7145.34323.8942.315.23105.39107.05258.5514.9750.7865.34202126.9135.7351.516.58134.8449.5335154.7617.14125.48119.38287.915.5657.3763.09+

Introduction:- Basic earning per share :-Basic earnings per share is the amount of a company's…

Attached is Apple Inc.'s financial information. Please answer questions 1-3. 1. Apple's earnings per share in 2021 is ___ a. 2.74 b. 4.28 c. 3.42 d. 5.80 2. Apple's price-to-earnings ratio on 12/31/2021 is ____ a. 49.29 b. 15.46 c. 23. 28 d. 30.61 3. Apple's working capital turnover in 2021 is___ a. 17.27 b. 19.18 c. 14.82 d. 15.35

Attached is Apple Inc.'s financial information. Please answer questions 1-3. 1. Apple's earnings per share in 2021 is _ a. 2.74 b. 4.28 c. 3.42 d. 5.80 2. Apple's price-to-earnings ratio on 12/31/2021 is a. 49.29 b. 15.46 c. 23. 28 d. 30.61 3. Apple's working capital turnover in 2021 is_ a. 17.27 b. 19.18 c. 14.82 d. 15.35

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.19P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (a)Current ratioenter the ratio rounded to 2 decimal places (b)Acid-test ratioenter the ratio rounded to 2 decimal places…
Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) Inventory turnoverenter the number rounded to 2 decimal places Days in inventoryenter the number of days rounded to 0 decimal…
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Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (a)Current ratioenter the ratio rounded to 2 decimal places
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Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (i)Earnings per share$enter a dollar amount rounded to 2 decimal places (j)Payout ratioenter percentages rounded to 0 decimal…