Apple Computers, Inc. Tax Profit

Apple Computers Inc. Apple Computer Inc, was found in 1976 by two electronic enegineers Steve Jobs and Steve Wozniak who partnered up and decided to change the technology world by inventing Apple. The main goal of Jobs and Wozniak was to make technology a user friendly for everyone.
In 1977, Apple modified the computer industry by producing the first color graphics. This production increased the sales up to $117 million in 1980 ( Terrell). However after several years Wozniak left Apple in 1983 due to a temporary memory loss.
After several years in the market, Apple was doing very well between 1980s to 1990. However in 1990, Apple suffered for six years due to their need to inventing a new operating system after they bought out NeXT Software.

Apple Inc tax Profit has dropped down from $251.9 million in 2014 to $208 million 2015. According to Khadem Apple has taken advantage of accounting rules in its local business that could allow it to pay virtually no tax in Australia on its profits in 2016. Apple financial accountant explain that if the company makes profit, it can use $200 million in “deferred tax assets” as an offset to their future profit. Apple paid about $85 million in Australian income tax in 2015 in spite of making $7.9 billion in local revenue. Its business income was up 29.5 for every penny from 2014 when it made $6.1

According to Ximenez and luis, they stated that Apple Apple's balance sheet was quite solid, and the company did not have any financial debt. Likewise, the company had high liquidity, with more than $100 billion in cash and liquid investments. However they also stated that in mid 2012 Apple had some liquidity that were not solid, not only that but the interest rates on the markets for quality investments were very low which mean low cash surpluses. Later in 2012, Apple announced that they would pay out cash dividends then the company will pay it back quarterly ordinary dividend of $2.65 per share, or $10.60 annually per