Discussion Post
Obtain Apple most recent annual report on Form 10-K. The Form 10-K is a company's annually required filing with the Securities and Exchange Commission (SEC). It includes the company's financial statements and accompanying notes. The Form 10-K can be obtained either (i) from the investor relations section of the company's Web site or (ii) by using the company search feature of the SEC's EDGAR database service.
• Based on the information in the company's most recent annual report, answer the following questions:
o In what industry does the company operate?
o How many years of information are reported on the company's income statement?
o How much net income does the company report on its income statement for each year presented?
o How much revenue does the company report on its income statement for each year presented?
o Within the notes to the financial statements, find the note on significant accounting policies. Based on the information in this note, when does the company recognize revenue?
• Based solely on the company's net income, has the company's performance improved, remained constant, or deteriorated over the periods presented? Briefly explain your answer.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.