Assignment FRA Part 3

PLEASE READ AND FOLLOW THESE INSTRUCTIONS CAREFULLY

This is the second part of your assignment for FRA.

Do NOT submit this, or any, part of your assignment separately.

Other parts will be published soon and the entire assignment will be submitted
(as one document) in the final week of this semester.

Once you have completed the calculations, type in the answers into the
appropriate places in the tables.

Please note that we have calculated the figures for Table 3A-1 in class
previously. The figures you need for this Table are included as part of the
solution in the file V T 3A Sol which was posted on MyGUST.

To complete the other tables, use the Balance Sheets for Apple for 2019 and 2018
(Table 3A-2), and use the appropriate Balance Sheets for your chosen company
for Tables 3B-1 and 3B-2.

INSTRUCTIONS FOR CALCULATING COMMON SIZE VERTICAL ANALYSIS

For Balance Sheet Items, divide each item by Total Assets and multiply by 100
Not required here, but for Income Statement Items, divide each item by Sales
and multiply by 100

© Dr G Whelan 2019 1
TABLE 3A-1 (Apple)

COMMON SIZE VERTICAL ANALYSIS

NAME OF COMPANY APPLE

Y/E 2013 2012
% %
CURRENT ASSETS 35.40 32.75
NON-CURRENT ASSETS 64.60 67.25
TOTAL ASSETS 1 1
CURRENT LIABILITIES 21.09 21.89
NON-CURRENT LIABILITIES 19.22 10.97
TOTAL LIABILITIES 40.31 32.86
TOTAL EQUITY 59.69 67.14

TABLE 3A-2 (Apple)

NAME OF COMPANY Apple

Y/E 2019 2018
% %
CURRENT ASSETS 48.10 35.91
NON-CURRENT ASSETS 51.90 64.09
TOTAL ASSETS 1 1
CURRENT LIABILITIES 31.21 31.70
NON-CURRENT LIABILITIES 42.04 39.00
TOTAL LIABILITIES 73.27 70.70
TOTAL EQUITY 26.73 29.30

For Balance Sheet Items, divide each item by Total Assets and multiply by 100
Not required here, but for Income Statement Items, divide each item by Sales
and multiply by 100

© Dr G Whelan 2019 2
TABLE 3B-1 (Microsoft)

COMMON SIZE VERTICAL ANALYSIS

NAME OF COMPANY Microsoft

Y/E 2013 2012
% %
CURRENT ASSETS 71.24 70.16
NON-CURRENT ASSETS 28.76 29.84
TOTAL ASSETS 1 1
CURRENT LIABILITIES 26.27 26.95
NON-CURRENT LIABILITIES 18.30 18.32
TOTAL LIABILITIES 44.57 45.28
TOTAL EQUITY 55.43 54.72

TABLE 3B-2 (Your Company)

NAME OF COMPANY Microsoft

Y/E 2019 2018
% %
CURRENT ASSETS 61.26 65.55
NON-CURRENT ASSETS 38.74 34.45
TOTAL ASSETS 1 1
CURRENT LIABILITIES 24.23 22.60
NON-CURRENT LIABILITIES 40.06 45.45
TOTAL LIABILITIES 64.29 68.04
TOTAL EQUITY 35.71 31.96

For Balance Sheet Items, divide each item by Total Assets and multiply by 100
Not required here, but for Income Statement Items, divide each item by Sales
and multiply by 100

© Dr G Whelan 2019 3