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AA 7-1 Company Analysis LO A1 Use Apples financial statements in Appendix A to answer the following. Required: What amount of accounts payable did Apple
AA 7-1 Company Analysis LO A1 Use Apples financial statements in Appendix A to answer the following. Required: What amount of accounts payable did Apple report on (a) September 28, 2019? (b) On September 29, 2018? Compute days payable outstanding for fiscal year ended (a) September 28, 2019, and (b) September 29, 2018. Note: Do not round intermediate calculations. Round your final answers to 1 decimal place. Use 365 days in a year. Does Apple appear to be taking more or less time to pay its suppliers in fiscal year 2019 versus 2018. multiple choice More Less
AA 7-1 Company Analysis LO A1 Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of accounts payable did Apple report on (a) September 28, 2019? (b) On September 29, 2018? 2. Compute days' payable outstanding for fiscal year ended (a) September 28, 2019, and (b) September 29,2018. Note: Do not round Intermedlate calculations. Round your final answers to 1 decimal place. Use 365 days In a year. 3. Does Apple appear to be taking more or less time to pay its suppliers in fiscal year 2019 versus 2018 . More Less Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) LIABILITIES AND SHAREHOLDERS' EQUITY See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions) Years ended Total shareholders' equity, beginning balances Common stock and additional paid-in capital Beginning balances Common stock issued Common stock withheld related to net share settlement of equity awards Share-based compensation Tax benefit from equity awards, including transfer pricing adjustments Ending balances Retained earnings See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) See accompanying Notes to Consolidated Financial StatementsStep by Step Solution
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