Question: We are given the following information for Apple Limited. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,510,000 228,000

We are given the following information for Apple Limited. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,510,000 228,000 935, 000 779, 000 1.05 times 2.80 times 40 % 5 times Current assets are composed of cash, marketable securities, accounts receivable, a Calculate the following balance sheet items: a. Accounts receivable b. Marketable securities c. Capital assets d. Long-term debt 69 69 69 69

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