Question -
Evaluate: your Apple Company's capital budgeting decisions. First, use the Apple company' financial statements to compute the change in Net Plant, Property and Equipment over the most recent years for which statements are available. Then, find the Apple Company's discussion of recent investments and their long-term strategy in their latest annual or quarterly report. (You may wish to search the 'press releases' and 'analyst comments'.) Use this information to write as summary of their capital budgeting effectiveness (one-page maximum). Is the firm building moats?
Work with recent 5 years Financial statement data
Need at least 1 page answer? Show working in Excel.