The financial statements of Apple Inc. for 2014 are presented in Appendix A. Instructions Refer to Apple's

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The financial statements of Apple Inc. for 2014 are presented in Appendix A.
Instructions
Refer to Apple's financial statements and answer the following questions.
(a) What were Apple's total assets at September 27, 2014? At September 28, 2013?
(b) How much cash (and cash equivalents) did Apple have on September 27, 2014?
(c) What amount of accounts payable did Apple report on September 27, 2014? On September 28, 2013?
(d) What were Apple's net sales in 2012? In 2013? In 2014?
(e) What is the amount of the change in Apple's net income from 2013 to 2014?
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...
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Related Book For  answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118953907

8th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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