Identify the causes of the change in each of these accounts in APPLE|My homework aider
Posted: March 8th, 2023
Using the company APPLE and their annual reports:
- Prepare a comparative balance sheet, income statement, and statement of cash flows, and perform a horizontal analysis of the company’s balance sheet, income statement, and statement of cash flows for the most recent 2 years. Identify at least one significant change (increase or decrease) from one year to the next in a balance sheet account, income statement account, and statement of cash flows account.
- Identify the causes of the change in each of these accounts.
- Discuss the implications of each of these account changes, and your assessment of the company based on these changes. Do these changes reflect positively or negatively on the company, and what is your assessment of the outlook for the company?
Your initial response should be a minimum of 200 words. Students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and/or credible resource, in addition to the text.
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SOLUTION
A comparative balance sheet shows the financial position of a company at two or more points in time. An income statement shows the financial performance of a company over a specific period. And a statement of cash flows shows the inflow and outflow of cash and cash equivalents during a period. To perform a horizontal analysis of these financial statements, you need to calculate the percentage change in each line item from one period to another. This will help you identify significant changes (increase or decrease) in balance sheet, income statement, and statement of cash flows accounts.
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