Question: Review financial statements for two years for Apple and Microsoft. Make a comparison of the following items and note trends.
- Revenues
- Cost of good sold
- Accounts receivable
- Accounts payable
- Inventory
Discuss and interpret the changes over the two-year period. Which company is the best performer and why? How is this information useful to you from a managerial perspective? Explain your reasoning and support your conclusions with the numbers you have pulled out for the comparison above. Don't forget to comment on the interaction of the balance sheet and income statement.