Your Activity responses should be both grammatically and mechanically correct and formatted in the same fashion as the Adionty itself. If there is a Part A. your response should identify a Pan A. etc. In addition. you must appropriately cite all resources used in your response and dxument them in a tkliography using APA style. (100 points) (An Excel file with two (2) worksheets and a 2-page written response are required

Pad A Go to both Apple Computer's (httpftwww.apple corn) and the U.S. Secerities and Exchange

Commision's Web sites (httorisec..goW) to locate Apple's 2002 Form 10-K (Annual Report) Examine the Mandel statements Compare and contrast Apple s standaolzed kandel statements provided in Supplement I with those in the Poem 10-K Write a brief 1- to 2- paragraph summary gating whether the same substantive information Is conveyed in the boo sets of financial statements and whether there are any dfferences In the format of the cisdosures. (16 points)

Pan 8 Vertically common size Apples Income statements and balance sheets horn 1998 to 2002

Refer to Chapter 4 of your text to see how vertical analysis is accomplished. You may also refer to the vertical common siring of Apple from 1993 to 1998 in Appendx A of the tett (p. 337 and pp 349-360) For this task place the percentage-based statements beneath the monetary ones in both worksheets as illustrated below (20 points)

lncomeStatements: 2002 2001 2000

Standardized Data (SSS)

lacomeStatealents: 2002 2001 2000 Venice) Common Sized Data AS)

Pan C: Horizontally common size Apples income statements and balance heats. using the tolling-

forward approach. from 1998 to 2002 Late Part B. place the revised statements below the vertical common sized statements in their respective worksheets Refer to Chapter 4 to see how horizontal analysis is accomplished. You may also refer to the horizontal cameo sizing of Apple from 1993 to 1998 in Appendix A of the text (pp. 347-348 and pp 350-351) (20 polms)

Pan D Compute the compound annual growth rate for these statements in the 'Income Statements

and 'Balance Sheets^- worksheets. respectively Like Pans 8 and C place the compound annual gtowM tate statements below the rolling-forward parcentagebased statements in each worksheet. respectively. Refer to Chapter 4 to see how compound annual growth rates are computed. You may also refer to the compound annual growth common sizing of Apple from 1993 to 1998 in Appends A of the lord (pp 348 and pp 352) 120 points)

Pan E Write a one-paragraph trend analysis for each of the four (4) items below based upon the

common sizing and growth rate (Mandel statements of Apple for 1998 through 2002 (24 points) (A 1- to 2-page narrative response is required.)

I Revenues

2 Net income as a percentage of sales

3. Current assets as a percentage of total assets

4 Liabilities as a percentage of total assets