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

Question:

The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook. The complete annual report, including the notes to the financial statements, is available at the company's website.


Instructions

Answer the questions below using Apple's Consolidated Balance Sheets.
a. What were Apple's total current assets at September 26, 2015, and September 27, 2014? 

b. Are assets that Apple included under current assets listed in proper order? Explain.

c. How are Apple's assets classified?

d. What was Apple's "Cash and cash equivalents" at September 26, 2015?

e. What were Apple's total current liabilities at September 26, 2015, and September 27, 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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial and Managerial Accounting

ISBN: 978-1119392132

3rd edition

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

Question Posted: