Posted: February 26th, 2023

CF Unit I

Textbook: Brigham, E. F., & Ehrhardt, M. C. (2020). Financial management: Theory and practice (16th ed.). Cengage Learning. https://online.vitalsource.com/#/books/9781337909730

Please label the assignments with the Roman number and title used.

Unit I Journal Instructions

Why do you think corporate finance is important to all managers? Describe why a manager needs to understand the characteristics and importance of financial markets, including their liquidity, competitiveness, and efficiency.

Your journal entry must be at least 200 words in length. No references or citations are necessary.

Unit I Essay Instructions

Ratio Analysis

This is your opportunity to play detective and do some financial statement analysis. Please select any publicly traded company.

· Mergent Online,

· Business Insights: Global,

· Business Source Ultimate, and

· ABI/INFORM Collection.

In addition to using at least one database article or report
from the CSU Online Library, you may also use any reliable website, such as the company’s web page. (Before you start let me look it up to see if its in the CSU Library)

For the company you select, find the annual report and the financial ratio information for the following ratios:

· debt-to-equity,

· current ratio,

· return on equity,

· quick ratio,

· working capital ratio,

· price earnings ratio, and

· earnings per share.

Once you have reviewed the information, write an essay that begins with a brief introduction to your chosen company. Next, explain how the company is doing with respect to the ratios. In one to three sentences, briefly summarize what each of the ratios are telling you about the company. Conclude with how you predict it will do in the future.

Your essay should be at least one page in length. Use APA format to cite and reference all quoted and paraphrased material, including your textbook. Use a minimum of two sources, one of which may be the textbook. Include a title page, introduction, body, conclusion, and references page. An abstract is not required.

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Apple Reports Third Quarter Results.
Date: Aug. 4, 2022
From: VOICENDATA.COM
Publisher: HT Digital Streams Ltd.
Document Type: Brief article
Length: 246 words
Lexile Measure: 1490L

Full Text: 
India, Aug. 4 — CUPERTINO, California – Apple(R) announced financial results for its fiscal 2022 third quarter ended June 25, 2022.
The Company posted a June quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted
share of $1.20.

“This quarter’s record results speak to Apple’s constant efforts to innovate, to advance new possibilities, and to enrich the lives of our
customers,” said Tim Cook, Apple’s CEO. “As always, we are leading with our values, and expressing them in everything we build,
from new features that are designed to protect user privacy and security, to tools that will enhance accessibility, part of our
longstanding commitment to create products for everyone.”

“Our June quarter results continued to demonstrate our ability to manage our business effectively despite the challenging operating
environment. We set a June quarter revenue record and our installed base of active devices reached an all-time high in every
geographic segment and product category,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated nearly $23 billion in
operating cash flow, returned over $28 billion to our shareholders, and continued to invest in our long-term growth plans.”

Apple’s board of directors has declared a cash dividend of $0.23 per share of the Company’s common stock. The dividend is payable
on August 11, 2022 to shareholders of record as of the close of business on August 8, 2022.

Published by HT Digital Content Services with permission from Voice & Data.

Copyright: COPYRIGHT 2022 HT Digital Streams Ltd.
www.voicendata.com
Source Citation (MLA 9th Edition)   
“Apple Reports Third Quarter Results.” VOICENDATA.COM, 4 Aug. 2022, p. NA. Gale General OneFile,

link.gale.com/apps/doc/A712374642/ITOF?u=oran95108&sid=bookmark-ITOF&xid=1f40217e. Accessed 18 Feb. 2023.
Gale Document Number: GALE|A712374642

https://www.voicendata.com

Disclaimer: This is a machine generated PDF of selected content from our products. This functionality is provided solely for your
convenience and is in no way intended to replace original scanned PDF. Neither Cengage Learning nor its licensors make any
representations or warranties with respect to the machine generated PDF. The PDF is automatically generated “AS IS” and “AS
AVAILABLE” and are not retained in our systems. CENGAGE LEARNING AND ITS LICENSORS SPECIFICALLY DISCLAIM ANY
AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES FOR AVAILABILITY,
ACCURACY, TIMELINESS, COMPLETENESS, NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE. Your use of the machine generated PDF is subject to all use restrictions contained in The Cengage Learning
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Apple Reports Third Quarter Results.
Date: July 31, 2020
From: ENP Newswire
Publisher: Normans Media Ltd.
Document Type: Article
Length: 459 words
Lexile Measure: 1400L

Full Text: 
ENPNewswire-July 31, 2020–Apple Reports Third Quarter Results

(C)2020 ENPublishing – http://www.enpublishing.co.uk

Release date- 30072020 – https://nr.apple.com/dE8R3p4o6K.

Revenue up 11 percent and EPS up 18 percent to new June quarter records.

Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020. The Company posted quarterly revenue
of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent.
International sales accounted for 60 percent of the quarter’s revenue.

‘Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic
segments,’ said Tim Cook, Apple’s CEO. ‘In uncertain times, this performance is a testament to the important role our products play
in our customers’ lives and to Apple’s relentless innovation. This is a challenging moment for our communities, and, from Apple’s new
$100 million Racial Equity and Justice Initiative to a new commitment to be carbon neutral by 2030, we’re living the principle that what
we make and do should create opportunity and leave the world better than we found it.’

‘Our June quarter performance was strong evidence of Apple’s ability to innovate and execute during challenging times,’ said Luca
Maestri, Apple’s CFO. ‘The record business results drove our active installed base of devices to an all-time high in all of our
geographic segments and all major product categories. We grew EPS by 18 percent and generated operating cash flow of $16.3
billion during the quarter, a June quarter record for both metrics.’

Apple’s Board of Directors has declared a cash dividend of $0.82 per share of the Company’s common stock. The dividend is payable
on August 13, 2020 to shareholders of record as of the close of business on August 10, 2020.

The Board of Directors has also approved a four-for-one stock split to make the stock more accessible to a broader base of investors.
Each Apple shareholder of record at the close of business on August 24, 2020 will receive three additional shares for every share
held on the record date, and trading will begin on a split-adjusted basis on August 31, 2020.

Apple will provide live streaming of its Q3 2020 financial results conference call beginning at 2:00 p.m. PT on July 30, 2020 at
apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.

Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website,
investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the
SEC, information on corporate governance, and details related to its annual meeting of shareholders.

[Editorial queries for this story should be sent to newswire@enpublishing.co.uk]

((Distributed via M2 Communications – http://www.m2.com))

Copyright: COPYRIGHT 2020 Normans Media Ltd.
http://www.enpublishing.co.uk/ENPN.htm
Source Citation (MLA 9th Edition)   
“Apple Reports Third Quarter Results.” ENP Newswire, 31 July 2020, p. NA. Gale General OneFile,

http://www.enpublishing.co.uk/ENPN.htm

link.gale.com/apps/doc/A631127362/ITOF?u=oran95108&sid=bookmark-ITOF&xid=891a3831. Accessed 18 Feb. 2023.
Gale Document Number: GALE|A631127362

Disclaimer: This is a machine generated PDF of selected content from our products. This functionality is provided solely for your
convenience and is in no way intended to replace original scanned PDF. Neither Cengage Learning nor its licensors make any
representations or warranties with respect to the machine generated PDF. The PDF is automatically generated “AS IS” and “AS
AVAILABLE” and are not retained in our systems. CENGAGE LEARNING AND ITS LICENSORS SPECIFICALLY DISCLAIM ANY
AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES FOR AVAILABILITY,
ACCURACY, TIMELINESS, COMPLETENESS, NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE. Your use of the machine generated PDF is subject to all use restrictions contained in The Cengage Learning
Subscription and License Agreement and/or the Gale General OneFile Terms and Conditions and by using the machine generated
PDF functionality you agree to forgo any and all claims against Cengage Learning or its licensors for your use of the machine
generated PDF functionality and any output derived therefrom.

Apple Reports Third Quarter Results.
Date: July 28, 2021
From: Plus Company Updates
Publisher: Right Vision Media
Document Type: Brief article
Length: 290 words
Lexile Measure: 1420L

Full Text: 
Cupertino: Apple Inc. (APC.DE) has issued the following press release:

Apple today announced financial results for its fiscal 2021 third quarter ended June 26, 2021. The Company posted a June quarter
record revenue of $81.4 billion, up 36 percent year over year, and quarterly earnings per diluted share of $1.30.

“This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when
using technology to connect people everywhere has never been more important,” said Tim Cook, Apple’s CEO. “We’re continuing to
press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers
to learn to code, moving closer to our 2030 environment goal, and engaging in the urgent work of building a more equitable future.”

“Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit
growth in each of our product categories, and a new all-time high for our installed base of active devices,” said Luca Maestri, Apple’s
CFO. “We generated $21 billion of operating cash flow, returned nearly $29 billion to our shareholders during the quarter, and
continued to make significant investments across our business to support our long-term growth plans.”

Apple’s board of directors has declared a cash dividend of $0.22 per share of the Company’s common stock. The dividend is payable
on August 12, 2021 to shareholders of record as of the close of business on August 9, 2021.

Apple will provide live streaming of its Q3 2021 financial results conference call beginning at 2:00 p.m. PT on July 27, 2021 at
apple.com/investor/earnings-call. This webcast will also be available for replay for approximately two weeks thereafter.

Copyright: COPYRIGHT 2021 Right Vision Media
Source Citation (MLA 9th Edition)   
“Apple Reports Third Quarter Results.” Plus Company Updates, 28 July 2021, p. NA. Gale General OneFile,

link.gale.com/apps/doc/A670041882/ITOF?u=oran95108&sid=bookmark-ITOF&xid=c5833008. Accessed 18 Feb. 2023.
Gale Document Number: GALE|A670041882

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