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BA 4101 Online (Summer II 2017) Individual Assignment 1 (Financial Ratio Analysis) Name: Major: Please read the HBSP case (Apple, Inc. Write down...
Individual Assignment 1 (Financial Ratio Analysis)
Name:Â Â
                                     Major:Â
Please read the HBSP case (Apple, Inc. in 2015) and use the case facts to do this assignment
.Â
Write
down your answers clearly. Justify your answers by providing supporting information (for instance,
formulas, calculated ratios, and interpretation of results) if the question requires it. The objective of this
assignment is to provide you with strategic perspectives on using financial ratios for firm performance
analysis. 1 point for each problem (total 5 points).Â
Submission due by Sunday at midnight.
Better answers tend to …
1.
State the ratio.
2.
Show the formula.
3.
Plug the numbers.
4.
Calculate the results.
5.
Evaluate the numbers and state your logic.
Use Apple financial information in Exhibit 1a (p.16) and competitors’ financial information in
Exhibit 6 (pp.21-22) to answer. Justify using appropriate ratio(s):
(million)
Total Current
Assets
Total Current
Liabili±es
Apple
$57,653
$38,542
HP
$50,637
$46,666
Dell
$29,448
$22,001
Lenovo
$11,820
$11,810
1.
Calculate Apple’s current ratio in 2012. Is Apple’s current ratio acceptable? Why? Please justify
whether Apple has any problems or not.
*** See above table for total CA and total CL ***
Total CA / Total CL= Ratio
$57,653/ $38,542= 1.50
Yes, the Apple current ra±o is acceptable because a healthy business
mostly has a ratio that falls
between 1 and 3, which Apple does.
1
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