TermPaper-AppleCom - Financial and Managerial Accounting(AC 630 B FALL TERM 2005 Thursdays Instructor Mr Andreas Rambow Research Assignment

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Page 1 of 11 Financial and Managerial Accounting (AC 630 B) FALL TERM 2005 Thursdays Instructor: Mr. Andreas Rambow Research Assignment Financial Analysis: Apple Computer Inc. Prepared By: Yeo Bee Lin Date: December 8, 2005
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Page 2 of 11 Contents 1. Financial Analysis . ........................................................................................ 3 1.1. Company Overview. .................................................................................. 3 1.2. Ratio Analysis . .......................................................................................... 4 1.2.1. Profitability. ...................................................................................... 4 i. Return on Investment . ..................................................................... 4 ii. Return on Investment (DuPont Model) . ........................................... 4 iii. Return on Equity. ............................................................................. 5 iv. Price Earnings Ratio. ....................................................................... 6 v. Dividend Yield, Dividend Payout, and Preferred Dividend Coverage Ratio. ......................................... 6 1.2.2. Working Capital and Measures of Liquidity . .................................... 6 i. Working Capital . .............................................................................. 6 ii. Current Ratio . .................................................................................. 6 iii. Acid-Test Ratio. ............................................................................... 7 1.2.3. Activity (Assets Management) . ........................................................ 7 i. Total Assets Turnover . .................................................................... 7 ii. Inventory Turnover . ......................................................................... 8 iii. Number of Days’ Sales in Accounts Receivables. ........................... 9 iv. Number of Days’ Sales in Inventory . ............................................... 9 1.2.4. Financial Leverage . ....................................................................... 10 i. Debt Ratio . .................................................................................... 10 ii. Debt/Equity Ratio. .......................................................................... 10 iii. Times Interest Earned . .................................................................. 10 2. Conclusion. .................................................................................................. 11
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Page 3 of 11 1. Financial Analysis 1.1. Overview Is Apple Computer Inc., (Apple) growth sustainable? This is the research report on Apple’s Year 2005 (September 24, 2005) financial statements to analyze its business and financial sustainability in comparisons with the industry giant Dell, Inc (Dell) Year 2005 (January 28, 2005). Below are the small introductions on Apple Computer Inc. and Dell, Inc. Apple had a long history in the design, manufacture, and marketing of personal computers
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This note was uploaded on 12/01/2010 for the course UGBA 102A taught by Professor Udpa during the Summer '07 term at University of California, Berkeley.

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TermPaper-AppleCom - Financial and Managerial Accounting(AC 630 B FALL TERM 2005 Thursdays Instructor Mr Andreas Rambow Research Assignment

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