Financial Analysis

FINANCIAL ANALYSIS OF APPLE, INC.
BACKGROUND……………………………………………………….…………….4
FINANCIAL ANALYSIS………………………………………………….………..5
2007 VS 2006………….……………………………………………………………....5
2006 VS 2005…………………………………………………………………….…....5
Unique accounting practices………………………………………………………...6
COMPANY GROSS MARGIN………………………….…………………………6
RATIO ANALYSIS…………………….…………………………………………...7
Current Ratio……………………………………………………………..................7
Quick Ratio…………………………………………………………………………..7
Accounts Receivable Turnover……………………………………………………..7
Dividend Payout………………………………………………………………..........8
Return on Equity/Return on Assets………………………………………………..8
Debt/Equity Ratio…………………………………………………………………..8
CASH FLOWS……………………………………………………………………..9
RECOMMENDATIONS………………………………………………………….9
REFERENCES…………………………………………………………………...10
APPENDIX
Income Statement
Balance Sheet
Accounting Ratios
Cash Flow
Industry Comparisons

FINANCIAL ANALYSIS OF APPLE   INC.
Background.
Apple Inc. designs, manufactures, and markets personal computers, portable digital music players, and mobile communication devices. It sells a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, retail stores, direct sales force, and third-party wholesalers, and resellers. In addition, the Company sells a variety of third-party Macintosh ("Mac"), iPod and iPhone compatible products, including application software, printers, storage devices, speakers, headphones, and various other accessories and peripherals through its online and retail stores. The Company sells to education, consumer, creative professional, business, and government customers. The Company's fiscal year is the 52 or 53-week period that ends on the last Saturday of September.
The Cupertino, California based company's U.S. Mac shipments grew 37.2 percent year-over-year -more than twice as fast as any other manufacturer ranked in Gartner's top 5 PC vendors for the three-month period... [continues]

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