Using Apple’s financial statement information Download Apple’s financial statement information, write a one-page memo to the management team responding to the question below:

Using current assets as a percent of total assets to measure liquidity, did Apple's asset makeup become more liquid or less liquid in 2019? Explain your answer.

Include a brief overview of the ratio – current assets as a percent of total assets and its purpose.

Be sure to use APA formatting and cite your sources. You will be completing the following tasks in this assignment:

Illustrate the use of a spreadsheet to prepare a statement of cash flows

Explain and apply methods of horizontal analysis

Describe and apply methods of vertical analysis

Define and apply ratio analysis.

Answer rating: 100% (QA)

Memo to Management Team Date January 15 2024 Subject Analysis of Apples Liquidity 2019 Did Apples asset makeup become more liquid or less liquid in 2019 based on the current assets as a percent of tot... View the full answer