Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2017 2018 BALANCE SHEET: Assets: Cash Accounts Receivable Inventory Other Current Assets Fixed Assets, net Investments Total Assets $74,181 35.673 4,855 13,936 33.783 212.891 $375,319
2017 2018 BALANCE SHEET: Assets: Cash Accounts Receivable Inventory Other Current Assets Fixed Assets, net Investments Total Assets $74,181 35.673 4,855 13,936 33.783 212.891 $375,319 $66,301 48.995 3,986 12,057 41.304 239.082 $405,725 Liabilities and Equity Accounts Payable Other Current Liabilities Long-term Debt Other Noncurrent Liabilities Common Stock Retained Earnings Total Liabilities and Equity $44.242 50,226 103,703 43.251 35,567 98.330 $375,319 $55.888 55,416 102,519 48.209 33,293 110,400 $405,725 FY2018 INCOME STATEMENT: Revenue Cost of Goods Sold General and Administrative Depreciation Expense Earnings Before Interest and Taxes Interest Expense Pretax Net Income Income Taxes Net Income $265,595 163,756 14,793 10.903 76,143 3.240 72,903 13.372 $59,531 7. What was Apple's Current Ratio at the end of 2018? 8. What was Apple's Quick Ratio at the end of 2018? 9. What was Apple's Debt to Equity Ratio at the end of 2018? (AP is not part of Debt for purposes of this calculation)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started