Problem about apple inc income statement


Problem:

Tell a story about Apple INC Income Statement for December 31, 2023 Financials in millions of USD. Fiscal year is October - September. Year 2023 Sales/Revenue $383,285 Cost of Goods Sold (COGS) incl. D&A $214,137 COGS excluding D&A $202,618 Depreciation & Amortization Expense $11,519 Depreciation $11,519 Gross Income $169,148 SG&A Expense $54,847 Research & Development $29,915 Other SG&A $24,932 EBIT $114,301 Non-Operating Income/Expense ($382) Non-Operating Interest Income $3,750 Interest Expense $3,933 Gross Interest Expense $3,933 Pretax Income $113,736 Income Tax $16,741 Income Tax - Current Domestic $11,015 Income Tax - Current Foreign $8,750 Income Tax - Deferred Domestic ($3,693) Income Tax - Deferred Foreign $669 Consolidated Net Income $96,995 Net Income $96,995 Net Income After Extraordinary $96,995 Net Income Available to Common $96,995 Basic Shares Outstanding $15,744 Diluted Shares Outstanding $15,813 EBITDA $125,820 EBIT $114,301 with citation

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Problem about apple inc income statement
Reference No:- TGS03417299

Expected delivery within 24 Hours