Refer to Apple 's financial statements in Appendix A to answer the following 1 What is the amount of Apple 's accounts receivable as of September 29, 2012 2 Compute Apple 's accounts receivable turnover as of September 29, 2012 3 How long does it take, on average, for the company to collect receiva...

1 As per A Companys Consolidated Balance Sheet for year 2012 the net amount of Accounts Receivables as of September 29 2012 is 10746 in thousands 2 Accounts Receivable turnover Accounts Receivable tur ...

Refer to Apple's financial statements in Appendix A to answer the following. 1. What is the amount

Question:

Refer to Apple's in Appendix A to answer the following.
1. What is the amount of Apple's as of September 29, 2012?
2. Compute Apple's turnover as of September 29, 2012.
3. How long does it take, on average, for the company to collect receivables?
4. Apple's most liquid assets include (a) cash and cash equivalents, (b) short-term marketable securities, (c) receivables, and (d) inventory. Compute the percentage that these liquid assets make up of current liabilities as of September 29, 2012. Do the same computations for September 24, 2011. Comment on the company's ability to satisfy its current liabilities as of its fiscal 2012 year-end compared to its fiscal 2011 year-end.
5. What criteria did Apple use to classify items as cash equivalents?
6. Access Apple's for fiscal years after September 29, 2012, at its Website (www.Apple.com) or the SEC's EDGAR database (www.sec.gov). Recompute parts 2 and 4 and comment on any changes since September 29, 2012.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...