Apple Company Financial Statement Analysis How much did the company report as the current portion of long-term
Question:
Apple Company Financial Statement Analysis
How much did the company report as the current portion of long-term debt at the most recent years balance-sheet date? Why is this portion of long-term debt reported as a current liability?
Refer to the notes to the financial statements to see if there is a note about leases and commitments. If such a note exists, what information does it provide to the user of the companys financial statements?
How would you rate the companys debt-paying ability at the end of the most recent year: excellent, neutral, or poor? Support your conclusion with relevant ratios. Use two relevant ratios to calculate (show your calculation) and use to support your rating.
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy