The report finds that Apple and its competitor are doing well in the market. Samsung is now a days doing good than apple .Samsung initially had a very low profit margin is now reached the heights. Apple is still maintaining a very high profit margin.
Table of contents
1. INCOME STATEMENT OF APPLE
2. BALANCE SHEET OF APPLE
3. STATEMENT OF CASH FLOWS
4. DOL& DFL FOR APPLE & SAMSUNG
5. DOL& DFL ANALYSIS
6. PRO FORMA INCOME STATEMENT
7. PRO FORMA BALANCE SHEET
8. FINANCIAL RATIOS
9. FINANCIAL RATIO ANALYSIS
10. RECOMMENDATIONS
11. REFERENCES
12. APPENDIXES
Income statement
2008
2009
2010
2011
Sales/Revenue
32.48B
42.6B
65.07B
108.6B
Cost of goods sold 21.33B 25.75B
39.5B
64.08B
Depreciation & Amortization Expense
473M
734M
1.03B
1.81B
Depreciation
363M
606M
815M
1.68B
Amortization of the intangibles
110M
128M
212M
214M
Gross Income
11.15B 16.85B
25.57B
44.52B
Selling and Admin.Expense
4.87B
5.48B
7.3B
10.03B
R&D
1.11B
1.33B
1.78B
2.43B
Other selling & admin.expense
3.76B
4.15B
5.52B
7.6B
Non-operating Income/Expense
33 M
44M
336M
758M
Non-operating Interest Income
653M
407M
311M
References: 1. (2011). income statement. Available: http://www.marketwatch.com/investing/stock/aapl/financials. Last accessed 26 July 2012. DFL (2011)=16.23*100/18.27=88.83/80.83 =0.9 12.53/15.15*100 DFL (2010) = 6.91*100/11.36 = 60.8/66.8= 1.09 6.07*100/9.08 DFL (2009) =3.72*100/5.36 = 69.4/81.1 =0.8 5.09*100/6.27 DFL (2008) = 1.43*100/3.93= 36.3/41.92 =0.86 1.85*100/4.413 FINANCIAL RATIOS OF APPLE (2011) PROFIT MARGIN= NET INCOME/SALES =25.92*100/108.6 =23.8% TOTAL ASSET TURNOVER= SALES/TOTAL ASSETS= 108.6/116.37=0.93 FINANCIAL RATIOS (2010)