Using the Apple Inc. Balance Sheet for September 24, 2016 answer questions 1 THROUGH 11. This shouldn't be difficult. A thumbs down will be given if done incorrectly.

***( Chegg Management )***

I. Balance Sheet Page A-2 (5.5 Points) Answer 1. What is the name of the company's Balance Sheet? What does consolidated mean? (Hint: See yourglossary.) 2. What is the amount of cash and cash equivalents that the company has? 3. What is the amount of goods the company acquired to resell to 4. What amount is owed to the company from customers? (Net of any 5. What is the amount of Current Assets? Why is this subtotal helpful? customers? allowances is fine.) 6. Is their investment in Property, Plant and Equipment increasing or decreasing? By how much? 7. What is Apple's largest asset? 8. What is the amount of liabilities that are due within one year or operating cycle? 9. What is the amount of total liabilities? 10 Did Retained Earnings increase or decrease from the prior year? 11. |How much did Retained Earnings increase or decrease from the prior year? Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 24, 2016 Se ASSETS Current assets Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowances of $53 and $63, respectively Inventories Vendor non-trade receivables Other current assets 20,484 46,671 15,754 2.132 13,545 8,283 106,869 170,430 27,010 5,414 3,206 8,757 Total current assets Long-term marketable securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Other non-current assets Total assets 321,686