Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and nar September 28, September 29, 2019 2018 ASSETS:

image text in transcribed

Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and nar September 28, September 29, 2019 2018 ASSETS: Current assets: Cash and cash equivalents $ 48,844 $ 25,913 Marketable securities 51,713 40,388 Accounts receivable, net 22,926 23,186 Inventories 4,106 3,956 Vendor non-trade receivables 22,878 25,809 Other current assets 12,352 12,087 Total current assets 162,819 131,339 Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets 105,341 37,378 32,978 170,799 41,304 22,283 175,697 234,386 Total assets $ 338,516 $365,725 LIABILITIES AND SHAREHOLDERS'EQUITY: Current liabilities: Accounts payable $ 46,236 $ Other current liabilities 37,720 Deferred revenue 5,522 Commercial paper 5,980 Term debt 10,260 Total current liabilities 105,718 55,888 33,327 5,966 11,964 8,784 115,929 Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities 91,807 50,503 93,735 48,914 142,310 142,649 Total liabilities 24 248,028 258,578 Year NAME OF COMPANY CSVA Current Assets Largest item in: Current Assets (CA) Current Liabilities (CL) Current Ratio Apple 2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Financial Accounting And Reporting Principles And Analysis

Authors: Walter Aerts, Peter Walton

5th Edition

1473767121, 9781473767126

Students also viewed these Accounting questions

Question

Describe the difference between wikis and blogs.

Answered: 1 week ago

Question

What are the HRM implications of this type of merger?

Answered: 1 week ago

Question

What is an RPIC, and where was it required?

Answered: 1 week ago