AA 8-1 Company Analysis LO C2, A1
Use Apples financial statements in Appendix A to answer the following.
Required:
1. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. 2. Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders equity, and total assets at fiscal year-end for both 2017 and 2016. 3. Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. 4. Compute the days sales uncollected as of (a) September 30, 2017, and (b) September 24, 2016. 5. Does Apples collection of receivables show a favorable or unfavorable change?
5. Does Apples collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. (Enter your answers in millions.) $ in millions a. September 30, 2017 September 24, 2016 b. 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. (Round percentage values to 1 decimal place.) Percent Change a. % Per the statement of cash flows for year ended September 30, 2017 ($ millions): Per the statement of cash flows for year ended September 24, 2016 ($ millions): b. % Check my work View previous attempt 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the days' sales uncollected as of (a) September 30, 2017, and (b) September 24, 2016. (Round your answers to 1 decimal places.) Days' Sales Uncollected a. September 30, 2017 b. September 24, 2016 days days Check my work attempt 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Does Apple's collection of receivables show a favorable or unfavorable change? Does Apple's collection of receivables show a favorable or unfavorable change? 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016. (Round percentage values to 1 decimal place.) Percent Change a. % Per the statement of cash flows for year ended September 30, 2017 ($ millions): Per the statement of cash flows for year ended September 24, 2016 ($ millions): b. % Check my work View previous attempt 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the days' sales uncollected as of (a) September 30, 2017, and (b) September 24, 2016. (Round your answers to 1 decimal places.) Days' Sales Uncollected a. September 30, 2017 b. September 24, 2016 days days Check my work attempt 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Does Apple's collection of receivables show a favorable or unfavorable change? Does Apple's collection of receivables show a favorable or unfavorable change?
