Question: please answer 1-3 FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (fin militons) June 30 , Assets Current assets: Cash and cash equivalents Short-term investments KASHFFLOWS STATEMENTS (in




FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (fin militons) June 30 , Assets Current assets: Cash and cash equivalents Short-term investments KASHFFLOWS STATEMENTS (in millions) Year Ended Jure 30 . Operations. Net income Adjustments to reconcile net income to net cash from operations. Depreciation, amortization, and other Stock-based compensation expense Net recognized gains on investments and derivatives Defered income taxes Changes in operating assets and liabilities: Accounis receivable Inventories Other current assets Other long-term assets Accounts payable Uneamed revenue Income taxes. Other current liabilities Other long-term liabilities. Net cash from operations ancing Financing Repayments of short-term debt, maturiti Proceeds from issuance of debt Cash premium on debt exchange Repayments of debt Common stock issued Common stock repurchased Common stock cash dividends paid Other, net Net cash used in financing Investing Additions to property and equipment Acquisition of companies, net of cash Acquisition of companies, net of cash acquired, and purchases of intangible and other assets Maturities of investments Sales of ifvestments Refer to accompanying notes. Apple's cash and cash equivalents: a. as a percentage of total current assets increased from fiscal year-end 2020 to fiscal year-end 2021. b. as a percentage of total current assets decreased from fiscal year-end 2020 to fiscal year-end 2021 . c. as a percentage of total current assets did not change from fiscal year-end 2020 to fiscal year-end 20 d. cannot be determined QUESTION 4 Which of Apple's balance sheet accounts is increased for sales made on account (credit sales)? a. Cash. b. Accounts receivable. c. Net sales. d. Accounts payable. At the most recent balance sheet date, the amount of cash that Apple estimated it will collect from credit sales to customers was (in millions): a. $94,680. b. $365,817. c. $54,763. d. $26,278
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