Apple Corporate Financial Strategy

Running head: APPLE CORPORATE FINANCIAL STRATEGY
Apple Corporate Financial Strategy
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1
APPLE CORPORATE FINANCIAL STRATEGY
Table of Contents
Part 1..........................................................................................................................................3
Answer to question (a)...........................................................................................................3
Answer to question (b)...........................................................................................................4
Answer to question (c)...........................................................................................................4
Q1. Solution.......................................................................................................................4
Q2. Solution.......................................................................................................................5
Q3. Solution.......................................................................................................................5
Part 2..........................................................................................................................................5
Answer to (a)..........................................................................................................................5
Answer to (b)..........................................................................................................................5
Answer to (c)..........................................................................................................................6
Answer to (d)..........................................................................................................................6
Answer to (e)..........................................................................................................................6
References..................................................................................................................................7

2
APPLE CORPORATE FINANCIAL STRATEGY
Part 1
Answer to question (a)
Apple Inc. Cash Conversion Cycle
Note: Working notes is in the Excel sheet
Interpretation
Based on the analysis of the data above it can be said that Cash conversion ratio of the
company has improved in the year 2018 with respect to the year 2017. The major contributor
to this improvement is days of sales outstanding which has improved from 98.94 days to
65.67 days. Further the company, inventory outstanding collection has not improved
(Yazdanfar and Öhman 2014). The company should focus on collecting the due from the
debtor, to improve its overall cash conversion ratio.
On the other hand Samsung cash conversion ratio has increased, this means Samsung
is not able to easily convert their investment into cash. The company takes 196 days in the