The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company’s website.

Instructions

Answer the questions below using Apple’s Consolidated Balance Sheets.

a. What were Apple’s total current assets at September 29, 2018, and September 30, 2017?

b. Are assets that Apple included under current assets listed in proper order? Explain.

c. How are Apple’s assets classified?

d. What was Apple’s “Cash and cash equivalents” at September 29, 2018?

e. What were Apple’s total current liabilities at September 29, 2018, and September 30, 2017?