The financial statements of Apple Inc. for 2013 are presented in Appendix A. Instructions for accessing and

Question:

The of Apple Inc. for 2013 are presented in Appendix A. Instructions for accessing and using the company’s complete annual report, including the notes to the are also provided in Appendix A.

Instructions
Refer to Apple’s and answer the following questions.
(a) What were Apple’s total assets at September 28, 2013? At September 29, 2012?
(b) How much cash (and cash equivalents) did Apple have on September 28, 2013?
(c) What amount of did Apple report on September 28, 2013? On September 29, 2012?
(d) What were Apple’s net sales in 2011? In 2012? In 2013?
(e) What is the amount of the change in Apple’s net income from 2012 to 2013?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...