The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the

Question:

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

Instructions

a. What was the amount of net cash provided by operating activities for the year ended September 26, 2015? For the year ended September 27, 2014?

b. What was the amount of increase or decrease in cash and cash equivalents for the year ended September 26, 2015? For the year ended September 27, 2014?

c. Which method of computing net cash provided by operating activities does Apple use?

d. From your analysis of the 2015 statement of cash flows, did the change in accounts receivable increase or decrease cash? Did the change in inventories increase or decrease cash? Did the change in accounts payable increase or decrease cash?

e. What was the net outflow or inflow of cash from investing activities for the year ended September 26, 2015?

f. What was the amount of income taxes paid in the year ended September 26, 2015?

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... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

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