Econ 3A - FAP #3 - 34.01 Goodwill and other assets 2427...

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3A–W'09–FAP#3–APPLE I(b) I(b) I(a) I(a) 2008 % to total 2007 % to total Change % change INCOME STATEMENT Net sales $32,479 100.00% $24,006 100.00% $8,473 35.30% Cost of sales 21,334 65.69% 15,852 66.03% 5,482 34.58% Gross margin 11,145 34.31% 8,154 33.97% 2,991 36.68% Operating expenses: Research and development 1,109 3.41% 782 3.26% 327 41.82% Selling, general, and administrative 3,761 11.58% 2,963 12.34% 798 26.93% Total 4,870 14.99% 3,745 15.60% 1,125 30.04% Operating income 6,275 19.32% 4,409 18.37% 1,866 42.32% Other income and expense 620 1.91% 599 2.50% 21 3.51% Income before taxes 6,895 21.23% 5,008 20.86% 1,887 37.68% Income taxes 2,061 6.35% 1,512 6.30% 549 36.31% Net income 4,834 14.88% 3,496 14.56% 1,338 38.27% BALANCE SHEET Current assets $34,690 87.66% $21,956 86.62% $12,734 58.00% Property, plant and equipment, net 2455 6.20%
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Unformatted text preview: 34.01% Goodwill and other assets 2427 6.13% 1559 6.15% 868 55.68% Total assets 39572 100.00% 25347 100.00% 14225 56.12% Liabilities and shareholders' equity Current liabilities $14,092 35.61% $9,280 36.61% $4,812 51.85% Non-current liabilities 4450 11.25% 1535 6.06% 2915 189.90% Total liabilities 18542 46.86% 10815 42.67% 7727 71.45% Shareholders' equity 21030 53.14% 14532 57.33% 6498 44.72% Total liabilities and shareholders' equity 39572 100.00% 25347 100.00% 14225 56.12% RATIOS I(c) 2008 I(c) 2007 Profit margin ratio 14.88% 14.56% Asset turnover 82.08% 94.71% ROA 12.22% 13.79% ROCE 22.99% 24.06% I(c) EXPLANATIONS:...
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  • Spring '07
  • Loster
  • 3rd millennium, liabilities Non­current liabilities, $8,473 35.30, $9,280 36.61, 2,991 36.68%, 5,482 34.58%

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