The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook.
Question:
The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook. 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 26, 2015, and September 27, 2014?
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 26, 2015?
e. What were Apple's total current liabilities at September 26, 2015, and September 27, 2014?
Financial StatementsFinancial 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...
Step by Step Answer:
a Total current assets were 89378 million at September 26 2015 and 6...View the full answer
Financial and Managerial Accounting
ISBN: 978-1119392132
3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
