The financial statements of Apple are presented in Appendix D.

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


Instructions
Use the company’s financial statements to answer the following questions.
a. What was the amount of net cash provided by operating activities for 2016? For 2015?
b. What was the amount of increase or decrease in cash and cash equivalents for the year ended September 24, 2016?
c. Which method of computing net cash provided by operating activities does Apple use?
d. From your analysis of the 2016 statement of cash flows, was the change in accounts receivable a decrease or an increase? Was the change in inventories a decrease or an increase? Was the change in accounts payable a decrease or an increase?
e. What was the net cash used by investing activities for 2016?
f. What was the amount of income taxes paid in 2016?

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 Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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...

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