Question

The financial statements of Apple Inc. for 2013 are presented in Appendix A. Instructions for accessing and using the company’s complete annual report, including the notes to the financial statements, are also provided in Appendix A.

Instructions
Refer to Apple’s financial statements and answer the following questions.
(a) What were Apple’s total assets at September 28, 2013? At September 29, 2012?
(b) How much cash (and cash equivalents) did Apple have on September 28, 2013?
(c) What amount of accounts payable did Apple report on September 28, 2013? On September 29, 2012?
(d) What were Apple’s net sales in 2011? In 2012? In 2013?
(e) What is the amount of the change in Apple’s net income from 2012 to 2013?



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  • CreatedMarch 02, 2015
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