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apple_inc_acc.docx ACCOUNTING ASSIGNMENT Name Affiliate institution Date Question 1

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apple_inc_acc.docx ACCOUNTING ASSIGNMENT Name Affiliate institution Date Question 1 I will choose Apple Inc Company to complete this project because all their financial statements are available and they also use ...

apple_inc_acc.docx ACCOUNTING ASSIGNMENT Name Affiliate institution Date Question 1 I will choose Apple Inc Company to complete this project because all their financial statements are available and they also use the right principles of accounting. The company™s financial statements for the last five financial years are added as appendices in this paper. The financial reports will be attached as appendices. Income statement An income statement shows the profitability of a company as it summarizes the business revenues and expenses. Apple Inc ltd has consistently made a profit within the past five years ranging from $ 45.69 billion to $ 59.53 billion as per the statement of income. The company made an average of $ 250.23 billion revenue from an average cost of $ 150.45 within the five years. This company is highly profitable. The margin between its total revenues and cost incurred to produce the revenue is very big therefore it very hard for this company to record a loss. Apple Inc uses highly innovative strategies in decision making hence highly productive. The total operating expenses and the cost of production are always kept low which is a key factor of maintaining high income and also act as a competitive advantage over rivals. (Nie, 2018). Balance sheet A balance sheet is the perfect guide that can be used to learn a company performance because it reflects the financial position of the business. It breaks down company asset, liabilities and shareholders™ equity capital. (Nie,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . .

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