Question: I need help on this Accounting problems. Document is enclosed. Thanks. Assignment 5: Apple's Working Capital Report Overview of the Assignment A key determinant of

 I need help on this Accounting problems. Document is enclosed. Thanks.

I need help on this Accounting problems. Document is enclosed. Thanks.

Assignment 5: Apple's Working Capital Report Overview of the Assignment A key

Assignment 5: Apple's Working Capital Report Overview of the Assignment A key determinant of Apple's operating profitability is how they manage their cash and working capital. 1. Assuming that Apple makes all sales on account, compute the amount of cash collected from customers during 2014. 2. Compute the cost of inventory (either newly purchases or manufactured) during 2014. 3. Assume that all of Apple's inventory purchases are made on account, compute the amount of cash paid to suppliers of inventory during 2014. 4. Identify Apple's working capital and current ratio in 2014. Comment on how have they changed from 2013? Identify the sources of the changes. The data should be here: http://www.sec.gov/cgi-bin/viewer? action=view&cik=320193&accession_number=0001193125-15356351&xbrl_type=v

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!