Question: ch7 analysiS Use Apple's financial statements in Appendix. A to answer the following. 1. What is the amount of Apple's accounts recelvable as of September





Use Apple's financial statements in Appendix. A to answer the following. 1. What is the amount of Apple's accounts recelvable as of September 28, 2019? 2. Compute Apple's accounts recelvable turnover as of September 28, 2019 . 3. Apple's most liquid assets include (a) cash and cash equivalents, (b) marketable securities (current). (c) accounts recelvable, and (d) inventory. Compute the percentage that these liquid assets (in total) make up of current habilities as of September 28, 2019, and as of September 29, 2018. 4. Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2019 year-end compared to its fiscal 2018 year-end? Complete this question by entering your answers in the tabs below. Compute Apple's accounts receivable turnover as of September 28, 2019. (Round your answer to 1 decimal place.) Complete this question by entering your answers in the tabs below. Apple's most liquid assets include (a) cash and cash equivalents, (b) marketable securities (current), (c) accounts receivab) and (d ) inventory. Compute the percentage that these liquid assets (in total) make up of eurrent liabilies as of September 28,2019 , and as of September 29, 2018. (Round your percentage answers to 1 decimal place.) Complete this question by entering your answers in the tabs below. Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2019 year-end com fiscal 2018 year-end? Apple's liquid assets as a percentage of current liabilities Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) LIABILITIES AND SHAREHOLDERS' EQUTTY Sec accompanying Notes to Consotedated 1'Inancest Matemerns: Apple Inc
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
