Chapter 3 Assignment
Print off the most recent annual balance sheet and income statement for Apple (AAPL) and Tesla (TSLA). Use Yahoo finance.
It is a good resource for financial statements. Type in the company's name or ticker and then click on Financials, then click on balance sheet and income statement. Make sure it is annual, not quarterly. Show your work for each ratio (the numerator and denominator).
Don't just give the answer. You do not need to attach the financial statements to your work, as all of you will be using the same statements from Yahoo finance.
a. What are Apple's total liabilities?
b. What are Tesla's total liabilities?
c. Calculate the current ratio (CA ÷ CL) for Apple:
d. Calculate the current ratio (CA ÷ CL) for Tesla:
e. Calculate Operating Margin (EBIT ÷ Revenues) for Apple:
f. Calculate Operating Margin (EBIT ÷ Revenues) for Tesla:
g. Calculate Return on Equity (Net Income ÷ Total Equity) for Apple:
h. Calculate Return on Equity (Net Income ÷ Total Equity) for Tesla:
i. Calculate BVPS for both companies: (Total Equity ÷ # shares outstanding)*
j. Look up the current market price per share for each company on yahoo finance:
*Note: EBIT stands for earnings before interest and taxes.
BVPS stands for book value per share.
# of shares outstanding can be found on Yahoo finance under Statistics.