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ASSIGNMENT
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Research a company of your choice and locate the latest financial statements published by the company.

For the following year, construct a pro-forma income statement and a pro-forma balance sheet for the company, using the assumption that sales will increase 20% in the first quarter and decrease by 10% in the third quarter. Sales will remain flat in the second and fourth quarters.

In addition, submit a three-page financial analysis of the company's current condition.

Submit the original company statements you researched, the pro-forma statement, and the analysis to the The analysis should be a Microsoft Word document, formatted in Times New Roman 12 point font, double- spaced. Ensure you use the current APA standards when formatting your paper.

All written assignments and responses should follow APA rules for attributing sources.

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Financial xxxxxxx Analysis

Income Statement xxxxxxx –

Revenue xxxxxxx xxxxxxx net xxxxxxx figures consist xxxxxxx revenue from xxxxxxx of xxxxxxx xxxxxxx digital content xxxxxxx applications, peripherals xxxxxxx service and xxxxxxx contracts. (Annual xxxxxxx 2012 pg, xxxxxxx Recognition)

Sales for xxxxxxx xxxxxxx haveincreased xxxxxxx a laudable xxxxxxx of 55% xxxxxxx Model xxxxxxx xxxxxxx - “Income xxxxxxx Cell P6)for xxxxxxx period 2010-2012.However, xxxxxxx sales growth xxxxxxx been on xxxxxxx declining trend xxxxxxx xxxxxxx 2 xxxxxxx (atleast) and xxxxxxx trend is xxxxxxx to xxxxxxx xxxxxxx on the xxxxxxx assumptions mentioned xxxxxxx the mail).

Sales xxxxxxx of the xxxxxxx seems to xxxxxxx a quarterly xxxxxxx xxxxxxx where xxxxxxx numbers in xxxxxxx first quarter xxxxxxx quite xxxxxxx xxxxxxx quarter seems xxxxxxx be as xxxxxxx as the xxxxxxx one, third xxxxxxx sales decline xxxxxxx fourth quarter xxxxxxx xxxxxxx as xxxxxxx one. This xxxxxxx can be xxxxxxx by xxxxxxx xxxxxxx look at xxxxxxx quarterly sales xxxxxxx of last xxxxxxx and expected xxxxxxx numbers for xxxxxxx account for xxxxxxx xxxxxxx 50% xxxxxxx the revenue. xxxxxxx COGS percentage xxxxxxx been xxxxxxx xxxxxxx 3 years. xxxxxxx COGS stood xxxxxxx 61% in xxxxxxx the figure xxxxxxx at 56% xxxxxxx the year xxxxxxx xxxxxxx has xxxxxxx to an xxxxxxx in the xxxxxxx margin xxxxxxx xxxxxxx company which xxxxxxx improved from xxxxxxx in 2010 xxxxxxx 44% in xxxxxxx Operating Expenses

Among xxxxxxx operating expenses, xxxxxxx xxxxxxx follows xxxxxxx policy of xxxxxxx 2-3% of xxxxxxx revenue xxxxxxx xxxxxxx the R&D. xxxxxxx just as xxxxxxx SG&A also xxxxxxx declined from xxxxxxx to 6% xxxxxxx year 2010 xxxxxxx xxxxxxx respectively.

Operating xxxxxxx

Coming down xxxxxxx the Operating xxxxxxx this xxxxxxx xxxxxxx in the xxxxxxx few years xxxxxxx to the xxxxxxx in company xxxxxxx and SG&A xxxxxxx They stood xxxxxxx xxxxxxx for xxxxxxx year 2012.

Income xxxxxxx provision for xxxxxxx account xxxxxxx xxxxxxx of the xxxxxxx before taxation, xxxxxxx income as xxxxxxx percentage of xxxxxxx stand at xxxxxxx for 2012 xxxxxxx xxxxxxx 21% xxxxxxx 2010.

Snapshot of xxxxxxx Income Statement xxxxxxx border="1" xxxxxxx xxxxxxx style="width:147px;">

Particular ($mln)

2010

2012

1,08,249

1,56,508

COGS

87,846

55,241

Provision xxxxxxx Tax

8,283

14,030

Net xxxxxxx style="width:154px;">

14,013

25,922

Assets

In the xxxxxxx side of xxxxxxx balance xxxxxxx xxxxxxx receivables account xxxxxxx 7% of xxxxxxx sales receivables xxxxxxx 2012. The xxxxxxx has a xxxxxxx accounts receivable xxxxxxx xxxxxxx in xxxxxxx receivables, there xxxxxxx only 2 xxxxxxx which xxxxxxx xxxxxxx more than xxxxxxx or more xxxxxxx the total xxxxxxx receivable. (Annual xxxxxxx 2012 pg, xxxxxxx Receivable)

Regarding Vendor xxxxxxx xxxxxxx Apple xxxxxxx certain of xxxxxxx manufacturing vendors xxxxxxx from xxxxxxx xxxxxxx of components xxxxxxx those manufacturing xxxxxxx who manufacture xxxxxxx and assemble xxxxxxx products for xxxxxxx company. Sale xxxxxxx xxxxxxx components xxxxxxx not recorded xxxxxxx the net xxxxxxx and xxxxxxx xxxxxxx profit is xxxxxxx for this. xxxxxxx report 2012 xxxxxxx 57.Vendor non-trade xxxxxxx the Goodwill xxxxxxx Other Intangible xxxxxxx xxxxxxx company xxxxxxx its patents xxxxxxx licenses which xxxxxxx amortized xxxxxxx xxxxxxx to 7 xxxxxxx of period. xxxxxxx report 2012 xxxxxxx 60.Goodwill and xxxxxxx Intangible Assets)

Amortization xxxxxxx intangible assets xxxxxxx xxxxxxx as xxxxxxx company policy xxxxxxx calculation. As xxxxxxx result, xxxxxxx xxxxxxx recorded at xxxxxxx million for xxxxxxx period 2012-2013. xxxxxxx report 2012 xxxxxxx 60.Goodwill and xxxxxxx Intangible Assets)

Plant xxxxxxx xxxxxxx are xxxxxxx for depreciation xxxxxxx is 2% xxxxxxx the xxxxxxx xxxxxxx the liabilities xxxxxxx A/P consists xxxxxxx 23-25% of xxxxxxx COGS.

Dividends are xxxxxxx as per xxxxxxx in the xxxxxxx xxxxxxx of xxxxxxx annual report. xxxxxxx company announced xxxxxxx it xxxxxxx xxxxxxx $2.65 of xxxxxxx per share xxxxxxx quarter, which xxxxxxx total dividend xxxxxxx $10.60 per xxxxxxx per share xxxxxxx xxxxxxx number xxxxxxx shares has xxxxxxx kept constant xxxxxxx the xxxxxxx xxxxxxx for 2013 xxxxxxx the calculated xxxxxxx of $9909 xxxxxxx has been xxxxxxx from retained xxxxxxx of the xxxxxxx xxxxxxx report xxxxxxx pg, 63.Dividend xxxxxxx Stock Repurchase xxxxxxx adjustments xxxxxxx xxxxxxx made in xxxxxxx for investing xxxxxxx as the xxxxxxx policy is xxxxxxx on this xxxxxxx As a xxxxxxx xxxxxxx this xxxxxxx company ends xxxxxxx with higher xxxxxxx flow xxxxxxx xxxxxxx for the xxxxxxx 2013 as xxxxxxx to the xxxxxxx years.

Snapshot of xxxxxxx balance sheet xxxxxxx border="1" cellpadding="0" xxxxxxx xxxxxxx ($mln)

2011

Current Assets

44,988

Non- Current xxxxxxx style="width:154px;">

71,383

1,18,411

Current xxxxxxx style="width:154px;">

27,970

38,542

Non- xxxxxxx Liab.

57,854

1,76,064

 

Cash xxxxxxx Analysis xxxxxxx xxxxxxx the cash xxxxxxx part, the xxxxxxx adjustments for xxxxxxx capital and xxxxxxx have been xxxxxxx However, the xxxxxxx xxxxxxx with xxxxxxx cash in xxxxxxx at the xxxxxxx of xxxxxxx xxxxxxx to no xxxxxxx activities mentioned xxxxxxx 2013.

Snapshot of xxxxxxx Cash Flow xxxxxxx

Particular xxxxxxx xxxxxxx align="center">2011

2012

Cash xxxxxxx hand (beg.)

11,261

Operating Act.

37,529

Investing Act.

40,419

Financing Act.

1,444

10,746

 

 

 

 

References

  • Annual xxxxxxx 2012, xxxxxxx xxxxxxx report Q4 xxxxxxx http://www.apple.com/pr/library/2012/10/25Apple-Reports-Fourth-Quarter-Results.html
  • Quarterly xxxxxxx Q3 2012, xxxxxxx href="http://www.apple.com/pr/library/2012/07/24Apple-Reports-Third-Quarter-Results.html">http://www.apple.com/pr/library/2012/07/24Apple-Reports-Third-Quarter-Results.html
  • Quarterly xxxxxxx Q2 2012, xxxxxxx href="http://www.apple.com/pr/library/2012/04/24Apple-Reports-Second-Quarter-Results.html">http://www.apple.com/pr/library/2012/04/24Apple-Reports-Second-Quarter-Results.html
  • Quarterly report xxxxxxx xxxxxxx
 
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