Question: PLEASE USE THE APPLE ANNUAL REPORT TO ANSWER THIS QUESTION. Part 1 (Use the annual report of your selected company) Please let us know if
PLEASE USE THE APPLE ANNUAL REPORT TO ANSWER THIS QUESTION.
Part 1 (Use the annual report of your selected company)
Please let us know if you company has any long-term debt on its balance sheet. Please give us some information about that long-term debt. You will have to look in the notes to the financial statements for this information. Also please calculate the times interest earned ratio for this corporation and let us know what this ratio indicates about its financial condition.
Part 2
What are unsecured notes? Why would they carry a relatively high interest rate? What are convertible securities? Why are they good for the investor and for the company? Why would they carry a relatively low interest rate? What does callable mean? What advantage does this feature give a company?
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