Accessthe Internet to acquire a copy of the most recent annual report for the publicly traded company used to complete the Financial Reporting Problem, Part 1 assignment due in Week Six. (I have attached a copy of the part 1 assignment I submitted during week six for reference).

Analyzethe information contained in the companys balance sheet and income statement to answer the following questions:

• Are the assets included under the companys current assets listed in the proper order? Explain your answer.
• How are the companys assets classified?
• What are cash equivalents?
• What are the companys total current liabilities at the end of its most recent annual reporting period?
• What are the companys total current liabilities at the end of the previous annual reporting period?
• Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?

Summarizethe analysis in a 700- to 1,050-word paper in a MicrosoftWord document.

Includea copy of the companys balance sheet and income statement.

Formatyour paper and presentation consistent with APA guidelines.

Running head: APPLE FINANCIAL STATEMENTS Apple Financial Statements Charlsa Roszell XACC/290 Joan Gapp 12/13/2015 APPLE FINANCIAL STATEMENTS Apple is a publicly traded American multinational and a technology company with headquarters at Cupertino California. The company designs, develops, and sells consumer electronics, computer software and other online services (Robinson, 2012). The company's financial statements are impressive, having extremely high profits in the last financial year, totalling over $400 billion. The company's stock price is traded at $113.18 in the New York stock market. This paper looks at the crucial apple financial statements, while stipulating their importance in keeping the company operations moving forward towards the realisation of their goals. The Apple Inc. Balance Sheet Significance According to Weygandt et, all. (2015), in the year ending 26th September 2015, the apple company had total current assets worth $89, 531, 000. Alternatively, the company had total assets worth $290,479 million. A balance sheet in apple reflects both of company total current assets as well as the total fixed assets, these assets help secure loans, in terms of finance from the financial institutions. Protection of assets in a company helps reduce the risks accrued to a business (Weygandt et, all., 2015). They protect one's business against intruding competitors. The assets also help a company highlight any potential savings and grant the ability to secure up to date equipment they otherwise would not be able to afford. Weygandt et, all. (2015) assert that the preceding year ending at 27th September 2014 the company had total assets worth $231.839 billion. Similarly, the year ending 26th September 2015, the company had a lumber some amount t or cash and cash related equivalents of $21,120 million. The accounts payable by Apple at the year ending 27th September 2015 was $35.49 billion (Weygandt et, all. 2015). However, in the previous year APPLE FINANCIAL STATEMENTS ran from September 28th 2013 to September 27th 2014, and the accounts payable were $30.28 billion. Weygandt et, all. (2015) ascertain that the company in the recent three years has recorded high revenue over time, with each financial year the company recording a substantial increase in its revenues. In the year ending September 2013, the company made revenues worth $ 170.910 billion. The next succeeding year, the company made increase of its revenues by over $11 billion to target a high revenue collection of $182,795 billion, (Weygandt et, all., 2015).Similarly, the following year, which is the last financial year for apple, ending September 26th of 2015, and the company made an impressive increase of over $50 billion. Weygandt et, all. (2015) chronicle that the new targets for this last financial year were $233 million in revenues, the company made net income of $53.394 billion. The previously preceding year, ending at September 2014 the company alternatively made a net income of $39,510 million. This represents an increase of $ 2.473 billion in net income from the year ending at September 2014 to the year ending September 2015 (Weygandt et, all., 2015). The company as well in its most recent year ending September 2015, had total current assets of $89,378 million. This was substantial increase from the previous year ending September 2015, which had total current assets worth $68.531 billion. Importance of Apple's Financial Statements According to Zack (2013), the importance of the company financial statements is valuable to many individuals in and outside the Apple company directly or indirectly. Among the beneficiaries of this information are the company managers. Managers require this critical information to manage the company affairs by the assessment of the company performance in APPLE FINANCIAL STATEMENTS line to its goals (Zack, 2013). The information as well helps the managers make informed decisions for the company. Zack (2013) asserts that another importance of these statements is to the shareholders. Shareholders use the financial statements to assess the level of risks they are putting in the company. The shareholders as well use the records to assess the returns the company is making in relation to their shares bought, and the prospect amount of benefits accrued to them (Zack, 2013). The stakeholders are able to analyse their investment and make wise decisions on the shares to purchase for the company. According to Scott (2014), Apple financial statements also help the potential investors seeking to invest at Apple Inc. They use the statements to assess the viability of investing in the company. Investors are able to predict the future dividends, based on the amount of profits the company is making, as shown in the financial statements, (Scott, 2014). The investors also make assessment of the risks associated with investing in such a company. Scott (2014) ascertains that the benefits of the financial statements of a company are extended to the financial institutions. These financial institutions are able to decide whether to grant loans and grants to the company or not, in basis of the company statements. The financial institutions are also able to assess the financial health of a company, in an effort to determine if the loan has a probability of being a bad loan (Scott, 2014). The decision made here are supported by the sufficient assets base for the potential liquidity. Apple Company being a publicly trading company has a strong financial base. As reflected in its financial statements, the company's income statement portrays health financial figures. A company financial statements helps it attract mote investors to make investments APPLE FINANCIAL STATEMENTS in the company capital. The company depends on these statements to attract, more shareholders, seeking to buy more shares and make the company reach more successful heights. APPLE FINANCIAL STATEMENTS References Robinson, T. (2012). International financial statement analysis. Hoboken, N.J: John Wiley & Sons. Weygandt, J., Kimmel, P. & Kieso, D. (2015). Financial & managerial accounting. Hoboken, NJ: Wiley. Zack, G. (2013). Financial statement fraud strategies for detection and investigation. Hoboken, New Jersey: John Wiley & Sons, Inc. Scott, C. (2014). College accounting : a career approach. Australia: South-Western