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    Purpose of Four Financial Statements

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    Could you give me your analysis/summary of the purposes of the four basic financial statements.

    Selected Companies Overview
    Prepare a 1,050-1,400-word overview of the two companies using their annual reports and business intelligence gathered from the corporate web site, industry publications, or publicly available financial web sites (e.g.: finance.yahoo.com, moneycentral.msn.com, annualreports.com, sec.gov).

    Introduction - Companies are Dell and Apple.

    Exchange
    Both Dell and Apple list on the NASDAQ.

    Exchange Characteristics
    Both Dell and Apple list on the NASDAQ. The NASDAQ is known for listing tech firms for many reasons. First, most tech firms begin as small, sole proprietorship or partnerships and grow to a point where they require enormous capital to grow successfully. Although the New York Stock Exchange is more prestigious, it is more expensive to have an IPO there (almost twice as expensive as NASDAQ). Also, the NYSE is more restrictive, requiring more than NASDAQ to qualify. As such, most young, tech start ups are drawn to NASDAQ. In addition, because the NASDAQ is already so tech heavy, the companies who choose to list there will be compared to the NASDAQ as a whole relative to their financial performance, creating a more apples-to-apples comparison.

    Because the purpose of listing on an exchange is to raise capital, a financially-strapped tech company can typically not afford the additional expense of raising capital on the more expensive NYSE.

    Because Apple and Dell are tech companies, it is natural they chose to list on NASDAQ.

    Outstanding Securities
    The types of securities the company has outstanding (bonds, preferred stock, common stock).

    Characteristics of Outstanding Securities
    The characteristics of these securities that may have caused the company to choose them to raise capital.

    Bonds
    There are a numerous characteristics when companies are looking at using bonds as source of raising capital. The first characteristic is the face value or also known as par value. Par value is the amount of money the bond receiver will receive when it matures. Bonds are normally issued at face value. Corporate bonds are known to be issued at a par value of $1,000 and government bonds' par value is greater (Investopedia, 2008).
    Another characteristic of a bond is the interest rate. There are bonds that pay interest every six months, once a month, quarterly or annually. There are two types of interest one is a fixed and another is a floating-rate bond.
    Maturity is another characteristic that would cause the company to choose a bond as a source of raising capital. The longer the maturity date the higher the interest rate and the longer the bond will fluctuate.
    Issuer is very crucial factor to consider. "The issuer's stability is the company's main assurance of getting paid back" (Investopedia, 2008). The best bonds are the government bonds because they are known as risk free assets. The corporate bonds offer a higher yield because of the higher risk but this is to entice investors (Investopedia, 2008).
    Stocks
    Two types of stocks a company can choose to help raise capital. The types of stocks are preferred and common. Preferred stockholders have a say in the company's assets and earnings. Preferred stockholders receive dividends before common stockholders. If the company files bankruptcy the company must pay the preferred stockholders and the common stockholders receive nothing.
    Another difference between preferred and common stocks is the dividends. "When you buy a preferred stock, you will have an idea of when to expect a dividend because they are paid at regular intervals" (Investopedia, 2008). When it comes to common stock the board of directors decides to pay out the dividends and is also known as fixed income security (Investopedia, 2008).
    Your analysis/summary of the purposes of the four basic financial statements.

    Conclusion

    Apple Financials
    CONSOLIDATED BALANCE SHEETS
    (In millions, except share amounts)
    September 29, 2007 September 30, 2006
    ASSETS:
    Current assets:
    Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,352 $ 6,392
    Short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,034 3,718
    Accounts receivable, less allowances of $47 and $52, respectively . 1,637 1,252
    Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 346 270
    Deferred tax assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 782 607
    Other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,805 2,270
    Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,956 14,509
    Property, plant, and equipment, net . . . . . . . . . . . . . . . . . . . . . 1,832 1,281
    Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 38
    Acquired intangible assets, net . . . . . . . . . . . . . . . . . . . . . . . . . 299 139
    Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,222 1,238
    Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $25,347 $17,205
    LIABILITIES AND SHAREHOLDERS' EQUITY:
    Current liabilities:
    Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,970 $ 3,390
    Accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,329 3,053
    Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,299 6,443
    Non-current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,516 778
    Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,815 7,221
    Commitments and contingencies
    Shareholders' equity:
    Common stock, no par value; 1,800,000,000 shares authorized;
    872,328,972 and 855,262,568 shares issued and outstanding,
    respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,368 4,355
    Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,101 5,607
    Accumulated other comprehensive income . . . . . . . . . . . . . . . . 63 22
    Total shareholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,532 9,984
    Total liabilities and shareholders' equity . . . . . . . . . . . . . . . . . $25,347 $17,205
    See accompanying Notes to Consolidated Financial Statements.
    55
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (In millions, except share and per share amounts)
    Three fiscal years ended September 29, 2007 2007 2006 2005
    Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 24,006 $ 19,315 $ 13,931
    Cost of sales (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,852 13,717 9,889
    Gross margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,154 5,598 4,042
    Operating expenses:
    Research and development (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . 782 712 535
    Selling, general, and administrative (1) . . . . . . . . . . . . . . . . . . . . . 2,963 2,433 1,864
    Total operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,745 3,145 2,399
    Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,409 2,453 1,643
    Other income and expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 599 365 165
    Income before provision for income taxes . . . . . . . . . . . . . . . . . . . . . 5,008 2,818 1,808
    Provision for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,512 829 480
    Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,496 $ 1,989 $ 1,328
    Earnings per common share:
    Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4.04 $ 2.36 $ 1.64
    Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3.93 $ 2.27 $ 1.55
    Shares used in computing earnings per share (in thousands):
    Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 864,595 844,058 808,439
    Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 889,292 877,526 856,878
    (1) Includes stock-based compensation expense, which was allocated as follows:
    Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 35 $ 21 $ 3
    Research and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 77 $ 53 $ 7
    Selling, general, and administrative . . . . . . . . . . . . . . . . . . . . . . $ 130 $ 89 $ 39
    See accompanying Notes to Consolidated Financial Statements.
    56
    CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
    (In millions, except share amounts which are in thousands)
    Accumulated
    Common Stock Deferred Stock Retained CompOrtehheernsive SharTeohtoallders'
    Shares Amount Compensation Earnings Income (Loss) Equity
    Balances as of September 25, 2004 . . . . . . . . . 782,887 $2,582 $(101) $2,597 $(15) $ 5,063
    Components of comprehensive income:
    Net income . . . . . . . . . . . . . . . . . . . . . — — — 1,328 — 1,328
    Change in foreign currency translation . . . . — — — — 7 7
    Change in unrealized gain on derivative
    instruments, net of tax . . . . . . . . . . . . . — — — — 8 8
    Total comprehensive income . . . . . . . . . 1,343
    Issuance of stock-based compensation awards. — 7 (7) — — —
    Stock-based compensation . . . . . . . . . . . . . — — 47 — — 47
    Common stock issued under stock plans . . . . 52,132 547 — — — 547
    Tax benefit from employee stock plan awards . — 428 — — — 428
    Balances as of September 24, 2005 . . . . . . . . . 835,019 3,564 (61) 3,925 — 7,428
    Components of comprehensive income:
    Net income . . . . . . . . . . . . . . . . . . . . . — — — 1,989 — 1,989
    Change in foreign currency translation . . . . — — — — 19 19
    Change in unrealized gain on available-for sale
    securities, net of tax . . . . . . . . . . . — — — — 4 4
    Change in unrealized gain on derivative
    instruments, net of tax . . . . . . . . . . . . . — — — — (1) (1)
    Total comprehensive income . . . . . . . . . 2,011
    Common stock repurchased . . . . . . . . . . . . (4,574) (48) — (307) — (355)
    Stock-based compensation . . . . . . . . . . . . . — 163 — — — 163
    Deferred compensation . . . . . . . . . . . . . . . — (61) 61 — — —
    Common stock issued under stock plans . . . . 24,818 318 — — — 318
    Tax benefit from employee stock plan awards . — 419 — — — 419
    Balances as of September 30, 2006 . . . . . . . . . 855,263 4,355 — 5,607 22 9,984
    Components of comprehensive income:
    Net income . . . . . . . . . . . . . . . . . . . . . — — — 3,496 — 3,496
    Change in foreign currency translation . . . . — — — — 51 51
    Change in unrealized loss on available-forsale
    securities, net of tax . . . . . . . . . . . — — — — (7) (7)
    Change in unrealized loss on derivative
    instruments, net of tax . . . . . . . . . . . . . — — — — (3) (3)
    Total comprehensive income . . . . . . . . . 3,537
    Stock-based compensation . . . . . . . . . . . . . — 251 — — — 251
    Common stock issued under stock plans, net
    of shares withheld for employee taxes . . . . 17,066 364 — (2) — 362
    Tax benefit from employee stock plan awards . — 398 — — — 398
    Balances as of September 29, 2007 . . . . . . . . . 872,329 $5,368 $ — $9,101 $ 63 $14,532
    See accompanying Notes to Consolidated Financial Statements.
    57

    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In millions)
    Three fiscal years ended September 29, 2007 2007 2006 2005
    Cash and cash equivalents, beginning of the year . . . . . . . . . . . . . . . . . . . . . . . $ 6,392 $ 3,491 $ 2,969
    Operating Activities:
    Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,496 1,989 1,328
    Adjustments to reconcile net income to cash generated by operating activities:
    Depreciation, amortization and accretion . . . . . . . . . . . . . . . . . . . . . . . . . . . 317 225 179
    Stock-based compensation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 242 163 49
    Provision for deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 53 50
    Excess tax benefits from stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 428
    Gain on sale of PowerSchool net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (4) —
    Loss on disposition of property, plant, and equipment . . . . . . . . . . . . . . . . . . 12 15 9
    Changes in operating assets and liabilities:
    Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (385) (357) (121)
    Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (76) (105) (64)
    Other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,540) (1,626) (150)
    Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81 (1,040) (35)
    Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,494 1,611 328
    Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,751 1,296 534
    Cash generated by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,470 2,220 2,535
    Investing Activities:
    Purchases of short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11,719) (7,255) (11,470)
    Proceeds from maturities of short-term investments . . . . . . . . . . . . . . . . . . . . 6,483 7,226 8,609
    Proceeds from sales of investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,941 1,086 586
    Purchases of long-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (17) (25) —
    Proceeds from sale of Power School net assets . . . . . . . . . . . . . . . . . . . . . . . . — 40 —
    Payment for acquisition of property, plant, and equipment . . . . . . . . . . . . . . . (735) (657) (260)
    Payment for acquisition of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . (251) — —
    Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 (58) (21)
    Cash (used for) generated by investing activities . . . . . . . . . . . . . . . . . . . . . (3,249) 357 (2,556)
    Financing Activities:
    Proceeds from issuance of common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . 365 318 543
    Excess tax benefits from stock-based compensation . . . . . . . . . . . . . . . . . . . . 377 361 —
    Repurchases of common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) (355) —
    Cash generated by financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 739 324 543
    Increase in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,960 2,901 522
    Cash and cash equivalents, end of the year . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,352 $ 6,392 $ 3,491
    Supplemental cash flow disclosures:
    Cash paid for income taxes, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 863 $ 194 $ 17
    See accompanying Notes to Consolidated Financial Statements.

    Dell Financials

    DELL INC.

    CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
    (in millions)

    February 1, February 2,
    2008 2007

    ASSETS
    Current assets:
    Cash and cash equivalents $ 7,764 $ 9,546
    Short-term investments 208 752
    Accounts receivable, net of allowance 5,961 4,622
    Financing receivables, net of allowance 1,732 1,530
    Inventories, net of allowance 1,180 660
    Other 3,035 2,829

    Total current assets 19,880 19,939
    Property, plant, and equipment, net of depreciation 2,668 2,409
    Investments 1,560 2,147
    Long-term financing receivables, net of allowance 407 323
    Goodwill 1,648 110
    Intangible assets, net of amortization 780 45
    Other non-current assets 618 662

    Total assets $ 27,561 $ 25,635

    LIABILITIES AND EQUITY
    Current liabilities:
    Short-term borrowings $ 225 $ 188
    Accounts payable 11,492 10,430
    Accrued and other 4,323 5,141
    Short-term deferred service revenue 2,486 2,032

    Total current liabilities 18,526 17,791
    Long-term debt 362 569
    Long-term deferred service revenue 2,774 2,189
    Other non-current liabilities 2,070 647

    Total liabilities 23,732 21,196

    Commitments and contingencies (Note 10)

    Redeemable common stock and capital in excess of $.01 par value; shares issued and outstanding: 4 and 5, respectively (Note 4) 94 111

    Stockholders' equity:
    Preferred stock and capital in excess of $.01 par value; shares issued and outstanding: none - -
    Common stock and capital in excess of $.01 par value; shares authorized: 7,000; shares issued: 3,320 and 3,307, respectively; shares outstanding: 2,060 and 2,226, respectively 10,589 10,107
    Treasury stock at cost: 785 and 606 shares, respectively (25,037 ) (21,033 )
    Retained earnings 18,199 15,282
    Accumulated other comprehensive loss (16 ) (28 )

    Total stockholders' equity 3,735 4,328

    Total liabilities and stockholders' equity $ 27,561 $ 25,635

    ________________________________________

    DELL INC.

    CONSOLIDATED STATEMENTS OF INCOME
    (in millions, except per share amounts)

    Fiscal Year Ended
    February 1, February 2, February 3
    2008 2007 2006

    Net revenue $ 61,133 $ 57,420 $ 55,788
    Cost of net revenue(1) 49,462 47,904 45,897

    Gross margin 11,671 9,516 9,891

    Operating expenses:
    Selling, general, and administrative(1) 7,538 5,948 5,051
    In-process research and development 83 - -
    Research, development, and engineering(1) 610 498 458

    Total operating expenses 8,231 6,446 5,509

    Operating income 3,440 3,070 4,382
    Investment and other income, net 387 275 226

    Income before income taxes 3,827 3,345 4,608
    Income tax provision 880 762 1,006

    Net income $ 2,947 $ 2,583 $ 3,602

    Earnings per common share:
    Basic $ 1.33 $ 1.15 $ 1.50

    Diluted $ 1.31 $ 1.14 $ 1.47

    Weighted-average shares outstanding:
    Basic 2,223 2,255 2,403
    Diluted 2,247 2,271 2,449

    ________________________________________

    DELL INC.

    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (in millions)

    Fiscal Year Ended
    February 1, February 2, February 3,
    2008 2007 2006

    Cash flows from operating activities:
    Net income $ 2,947 $ 2,583 $ 3,602
    Adjustments to reconcile net income to net cash provided by operating activities:
    Depreciation and amortization 607 471 394
    Stock-based compensation 329 368 17
    In-process research and development charges 83 - -
    Excess tax benefits from stock-based compensation (12 ) (80 ) -
    Tax benefits from employee stock plans - - 224
    Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies 30 37 (3 )
    Other 133 61 157
    Changes in:
    Operating working capital (519 ) 397 (53 )
    Non-current assets and liabilities 351 132 413

    Net cash provided by operating activities 3,949 3,969 4,751

    Cash flows from investing activities:
    Investments:
    Purchases (2,394 ) (8,343 ) (6,796 )
    Maturities and sales 3,679 10,320 11,692
    Capital expenditures (831 ) (896 ) (747 )
    Acquisition of business, net of cash received (2,217 ) (118 ) -
    Proceeds from sale of building - 40 -

    Net cash (used in) provided by investing activities (1,763 ) 1,003 4,149

    Cash flows from financing activities:
    Repurchase of common stock (4,004 ) (3,026 ) (7,249 )
    Issuance of common stock under employee plans 136 314 1,051
    Excess tax benefits from stock-based compensation 12 80 -
    (Repayment) issuance of commercial paper, net (100 ) 100 -
    Repayments of borrowings (165 ) (63 ) (81 )
    Proceeds from borrowings 66 52 55
    Other (65 ) (8 ) (28 )

    Net cash used in financing activities (4,120 ) (2,551 ) (6,252 )

    Effect of exchange rate changes on cash and cash equivalents 152 71 (73 )

    Net (decrease) increase in cash and cash equivalents (1,782 ) 2,492 2,575
    Cash and cash equivalents at beginning of year 9,546 7,054 4,479

    Cash and cash equivalents at end of year $ 7,764 $ 9,546 $ 7,054

    DELL INC.

    CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
    (in millions)

    Common Stock and Accumulated
    Capital in Excess of Other
    Par Value Treasury Sock Comprehensive
    Issued Shares Amount Shares Amount Retained Earnings Loss Other Total

    Balances at January 28, 2005 2,769 $ 8,195 284 $ (10,758 ) $ 9,097 $ (78 ) $ (44 ) $ 6,412
    Net income - - - - 3,602 - - 3,602
    Change in net unrealized loss on investments, net of taxes - - - - - (24 ) - (24 )
    Foreign currency translation adjustments - - - - - (8 ) - (8 )
    Change in net unrealized loss on derivative instruments, net of taxes - - - - - 9 - 9

    Total comprehensive income - - - - - - - 3,579
    Stock issuances under employee plans, including tax benefits 49 1,308 - - - - - 1,308
    Repurchases - - 204 (7,249 ) - - - (7,249 )
    Other - - - - - - (3 ) (3 )

    Balances at February 3, 2006 2,818 $ 9,503 488 $ (18,007 ) $ 12,699 $ (101 ) $ (47 ) $ 4,047

    Net income - - - - 2,583 - - 2,583
    Change in net unrealized loss on investments, net of taxes - - - - - 31 - 31
    Foreign currency translation adjustments - - - - - (11 ) - (11 )
    Change in net unrealized gain on derivative instruments, net of taxes - - - - - 30 - 30
    Valuation of retained interests in securitized assets, net of taxes - - - - - 23 - 23

    Total comprehensive income - - - - - - - 2,656
    Stock issuances under employee plans(b) 14 196 - - - - - 196
    Repurchases - - 118 (3,026 ) - - - (3,026 )
    Stock-based compensation expense under SFAS 123(R) - 368 - - - - - 368
    Tax benefit from employee stock plans - 56 - - - - - 56
    Other and shares issued to subsidiaries 475 (16 ) - - - - 47 31

    Balances at February 2, 2007 3,307 $ 10,107 606 $ (21,033 ) $ 15,282 $ (28 ) $ - $ 4,328

    Net income - - - - 2,947 - - 2,947
    Impact of adoption of SFAS 155 - - - - 29 (23 ) 6
    Change in net unrealized gain on investments, net of taxes - - - - - 56 - 56
    Foreign currency translation adjustments - - - - - 17 - 17
    Change in net unrealized loss on derivative instruments, net of taxes - - - - - (38 ) - (38 )

    Total comprehensive income - - - - - - - 2,988
    Impact of adoption of FIN 48 - (3 ) - - (59 ) - (62 )
    Stock issuances under employee plans(a) 13 153 - - - - - 153
    Repurchases - - 179 (4,004 ) - - - (4,004 )
    Stock-based compensation expense under SFAS 123(R) - 329 - - - - - 329
    Tax benefit from employee stock plans - 3 - - - - - 3

    Balance at February 1, 2008 3,320 $ 10,589 785 $ (25,037 ) $ 18,199 $ (16 ) $ - $ 3,735

    References

    Apple's=
    http://www.sec.gov/Archives/edgar/data/320193/000104746907009340/a2181030z10-k.htm

    Dell's=
    http://www.sec.gov/Archives/edgar/data/826083/000095013408005718/d55156e10vk.htm

    Investopedia (2008). Bond Characteristics. Retrieved August 10, 2008 from: http://www.investopedia.com/university/bonds/bonds2.asp
    Investopedia (2008). What is the difference between preferred stock and common stock. Retrieved August 10, 2008 from: http://www.investopedia.com/ask/answers/182.asp
    www.nasdaq.com/

    © BrainMass Inc. brainmass.com October 9, 2019, 9:45 pm ad1c9bdddf
    https://brainmass.com/business/dividends-stock-repurchase-and-policy/purpose-four-financial-statements-196481

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    Balance Sheet
    The purpose of the balance sheet is to provide you with information regarding the assets, liabilities and equity of each firm relative to one another. For example, seeing that Apple had total current liabilities for the most current year of $9,299 Million is useless information unless it can be compared against something else. Comparing the same number against the company's total current assets for the same period results in a current ratio (current assets/current liabilities) totaling 2.36. Now, this number is more useful than the current liabilities figure alone, but to maximize its usefulness, we must compare it further still.

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    Solution Summary

    The solution explains the purpose of the four financial statements.

    $2.19