Use Apples financial statements in Appendix A to answer the following. 1. Identify Apples long-term debt as
Question:
Use Apple’s financial statements in Appendix A to answer the following.
1. Identify Apple’s long-term debt as reported on its balance sheet at
(a) September 29, 2018, and
(b) September 30, 2017.
2. Calculate the percentage change in long-term debt from September 30, 2017, to September 29, 2018.
3. If Apple’s reported long-term debt continues on the current trend, do we expect total interest expense to increase or decrease?
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a September 29 2018118479 million b September 30 201786948 million 2 Percentage change in longter...View the full answer
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