Chapter 3 The Balance Sheet and Notes to the Financial Statements Homework Apply the five Balance Sheet ratios and their interpretations for each one of the Apple's 2021 Balance Sheet provided. Current assets: Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities ASSETS: LIABILITIES AND SHAREHOLDERS' EQUITY: September 25, 2021 September 26, 2020 34,940 $ 38,016 27,699 52,927 26,278 16,120 6,580 4,061 25,228 21,325 14,111 11,264 134,836 143,713 127,877 100,887 39,440 36,766 48,849 42,522 216,166 180,175 $ 351,002 $ 323,888 Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities LIABILITIES AND SHAREHOLDERS' EQUITY: 54,763 $ 42,296 47,493 42,684 7,612 6,643 6,000 4,996 9,613 8,773 125,481 105,392 109,106 98,667 53,325 54,490 162,431 153,157 287,912 258,549 Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,426,786 and 16,976,763 shares issued and outstanding, respectively Retained earnings 57,365 50,779 5,562 14,966 Accumulated other comprehensive income/(loss) 163 (406) Total shareholders' equity 63,090 65,339 Total liabilities and shareholders' equity $ 351,002 $ 323,888 See accompanying Notes to Consolidated Financial Statements