Posted: February 26th, 2023
Company Apple (Discussion Question One)
Using the same company and annual reports that you chose for your week 1. -APPLE COMPANY -Reading and Using the Annual Report Case Study,
Your initial response should be a minimum of 200 words. Students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and/or credible resource, in addition to the text.
(Discussion Two) APPLE COMPANY
You may consider using the same company and annual report that you chose for your WEEK 1 DISCUSSION, Reading, and Using the Annual Report Case Study. This choice will work only if the company is using the straight-line depreciation method. The company’s choice of depreciation method can be located in the notes to the financial statement in the annual report. If the company does not use this method or does not have long-term assets, you will need to choose another company. Select a company that a fellow student has not already posted.
Using your selected company’s financial statement,
Apple Inc Retrieved from:
https://www.sec.gov/Archives/edgar/data/320193/000032019319000119/a10-k20199282019.htm Links to an external site.
Report of Ernst & Young Retrieved from:
https://yahoo.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?Links to an external site.SectionID=10973752-377625-381389&SessionID=K2J4eHhot2Fcjg7
For our first discussion, I have chosen the company Apple Inc. Apple is a company that everyone
knows about in the US and other countries. There is most likely some apple device in almost all
households today. Apple Inc. It manufactures computers, tablets, smartphones, smartwatches,
and computer software.
Current assets divided by current liabilities calculate the current ratio. For the years 2021 and
2020, they are as follows.
If you notice, there is a decrease between the two years. However, it is not enough to be worried.
The profit margin ratio is when the sales percentage becomes a profit for the company. If the
yield is high, it shows that your business is doing well and can pay for itself and then some. To
calculate the profit margin ratio, you must divide net income by net sales.
From the two numbers, you notice that from 2020 to 2021, the margin has risen by over five
percent. This could be due to many reasons, but it was primarily due to sales.
In the discussion for this company, the pandemic was the topic of conversation and how it
affected the company. However, what was done to help with it? Stores were closed temporarily,
and individuals were forced to work remotely. The company continued to move forward.
Auditor & Assessment
Since 2015, Ernst & Young LLP has conducted Apple’s audit. According to accounting, the
company is positive and will remain firm. They were causing Apple to be a good company in all
standings. If I were asked to rate this company and give my thoughts, I would say that the
company is in an excellent situation. Furthermore, we will continue to move forward positively
with the new products and their software continuing to get better. I say this is a positive
Reference: Porter, G., & Norton, C. (2018). Using financial accounting information: The alternative to
debits and credits (10th ed.). Retrieved from https://www.cengage.comLinks to an external site.
Apple Inc Retrieved from: https://www.sec.gov/Archives/edgar/data/320193/000032019319000119/a10-
k20199282019.htm Links to an external site.
Report of Ernst & Young Retrieved from: https://yahoo.brand.edgar-
online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?Links to an external
site.SectionID=10973752-377625-381389&SessionID=K2J4eHhot2Fcjg7https://ashford.instructure.com/courses/101509/pages/important-read-first https://ashford.instructure.com/courses/101509/pages/important-read-first https://www.cengage.com/ https://www.sec.gov/Archives/edgar/data/320193/000032019319000119/a10-k20199282019.htm https://www.sec.gov/Archives/edgar/data/320193/000032019319000119/a10-k20199282019.htm https://yahoo.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1? https://yahoo.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1? https://yahoo.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?
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