Please review the following ratios for both Apple and Alphabet:
* Accounts Receivable Turnover
* Return on Assets
* Asset Turnover
* Inventory Turnover
* Average Collection Period
* Days in Inventory
* Times Interest Earned
* Debt to Asset (for Apple)
* Free Cash Flow (for Apple)
* Note: Earnings per Share:
o Apple – $9.27
o Alphabet – $18.27
The calculations need to be corrected. I have attached a copy of the paper at the link to the report for both Apple Inc and Alphabet Inc. The work needs to be shown.
Below is the link for the financial statements for Apple Inc. for the fiscal year ending 2017.
https://investor.apple.com/investor-relations/default.aspx (Links to an external site.)
Below is the link for the financial statements for Alphabet, Inc. for the fiscal year ending 2017.
https://abc.xyz/investor/previous/#numbersLink (Links to an external site.)
Alphabet, Inc. Check Figures
· EPS (12/31/2017) = $18.27
· Current ratio = 5.14
· Gross (Profit) Margin Percentage = 58.9%
· Rate of Return (Net Profit Margin) on Sales = 11.4%
· Inventory Turnover = 89.6
· Days inventory outstanding (DIO) = 4 days
· Accounts Receivable Turnover = 6.8
· Days sales outstanding = 53.5 days
· Asset turnover = 0.61
· Rate of return on total assets (ROA) = 6.9%
· Debt Ratio = 22.7%
· Times-Interest Earned ratio = 250.5
· Dividend Yield on Common Stock = 0.0%
This ratio might change based on the date you picked for the dividend per share of common stock
· Rate of Return on Common Stockholder Equity (ROE) = 8.7%
· Free cash flow = $23,907 in millions
· Price/Earnings Ratio = 57
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