The financial statements of Apple Inc. are presented in Appendix A at the end of textbook. Instructions

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The financial statements of Apple Inc. are presented in Appendix A at the end of textbook.

Instructions Answer the following questions using the financial statements and the notes to the financial statements.

(a) What were Apple’s total current assets at September 27, 2014, and September 28, 2013?

(b) Are the assets included in current assets listed in the proper order? Explain.

(c) How are Apple’s assets classified?

(d) What were Apple's current liabilities at September 27, 2014, and September 28, 2013?

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119316022

8th Edition

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

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