APPLE COMPUTER

Apple Computer

Apple, Inc

Introduction

The course of the study will focus on the Apple, Inc by analysis its accounts payable and net revenues figures for the previous reported accounting years. Apple Inc. (NASDAQ: AAPL) formerly Apple Computer, Inc., is a U.S. multinational corporate that designs and sells electronic products, of personal computers and computer software's.

Discussion

The financial analysis of the company is done by studying the financial statements of the company. The annual reporting is done on annual basis in the month of September of each year. Following are the required financial figures of the company (Helfert, 2001).

Accounts Payable of the Company

The accounts payable for the year 09/25/2010 were $ 12,015,000,000.

The accounts payable at the end of the year 09/26/2008 were $ 5,601,000,000.

The accounts payable at the end of year 09/27/2008 were 5,520,000,000.

Net Revenues of the Company

The net revenues for the year 09/25/2010 were $ 65,225,000,000.

The net revenues for the year ending at 09/26/2009 were at $ 36,537,000,000.

The net revenues for the year ending at 09/27/2008 were at $ 32,479,000,000.

The Net Income of the Company

The net incomes of the company for the year ending at 09/25/2010 were $ 14,013,000,000 (Vandyck, 2006).

The net incomes of the company for the year ending at 09/26/2009 were $ 5,704,000,000.

The net incomes of the company for the year ending at 09/27/2008 were $ 4,834,000,000.

Apple Inc (NMS: AAPL)

As Reported Annual Income Statement

Report Date

09/25/2010

09/26/2009

09/27/2008

Consolidated

Yes

Yes

Yes

Currency

USD

USD

USD

Scale

Thousands

Thousands

Thousands

Net Revenues

65 225 36 537 32 479

Cost- of-sales

39 541 23 397 21 334

Gross-margin

25 684 13 140 11 145

Research-&-development exp.

1 782 1 333 1 109

Selling general & administrative exp.

5 517 4 149 3 761

Total-operating-exp.s

7 299 5 482 4 870

Operating-income (loss)

18 385 7 658 6 275

Interest-income

311 407 653

Other-income (exp.) net

(156)

(81)

(33)

Other-income & exp.s

155 326 620

Income (loss)-before provision for (benefit from) income-taxes

18 540 7 984 6 895

Current federal-income tax-exp. (benefit)

2 150 2 162 1 942

Deferred federal income-tax exp. (benefit)

1 676 (207)

(155)

Total federal-income tax-exp. (benefit)

3 826 1 955 1 787

Current state-income tax-exp. (benefit)

655 279 210

Deferred state-income tax exp. (benefit)

(115)

(113)

(82)

Total state-income tax-exp. (benefit)

540 166 128

Current-foreign income-tax-exp. (benefit)

282 358 277

Deferred-foreign income tax exp. (benefit)

(121)

(199)

(131)

Total foreign-income tax-exp. (benefit)

161 159 146

Provision for (benefit from) income-taxes

4 527 2 280 2 061

Net income (loss)

14 013 5 704 4 834

Weighted average-shares ...