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Apple Inc. is an American multinational technology company that specializes in consumer electronics, software and online services. December 31, 2024, fiscal year-end account balance information
Apple Inc. is an American multinational technology company that specializes in consumer electronics, software and online services. December 31, 2024, fiscal year-end account balance information for Aple Inc is showed below: Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6,000 30,000 70,000 170,000 49,000 21,000 150,000 The only asset not listed by Apple is short-term investments. The only liabilities not listed are $40,000 notes payable due in two years and related accrued interest payable of $1,000 due in four months. The current ratio at year-end is 1.6:1. Required: Please determine the following at December 31, 2024: 1. Total current assets 2. Short-term investments 3. Retained earnings
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