Use Apple$$s financial statements in Appendix A to answer the following.

What is the amount of Apple$$s accounts receivable as of September $28,2019?$

Compute Apple$$s accounts receivable turnover as of September $28,2019.$

Apple$$s most liquid assets include

$($a$)$ cash and cash equivalents,$($b$)$ marketable securities $($current$),($c$)$ accounts receivable, and$($d$)$ inventory.

Compute the percentage that these liquid assets $($in total$)$ make up of current liabilities as of September $28,2019,$ and as of September $29,2018.$

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?

Prev

Question $3$ of $5$ Total