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CT13.1 Go online to access the financial statements of Apple Inc. for September 26, 2015, and then answer the following questions. Instructions a. What was
CT13.1 Go online to access the financial statements of Apple Inc. for September 26, 2015, and then answer the following questions.
Instructions
- a. What was the amount of net cash provided by operating activities for the year ended September 26, 2015? For the year ended September 27, 2014?
- b. What was the amount of increase or decrease in cash and cash equivalents for the year ended September 26, 2015? For the year ended September 27, 2014?
- c. Which method of computing net cash provided by operating activities does Apple use?
- d. From your analysis of the 2015 statement of cash flows, did the change in accounts receivable require or provide cash? Did the change in inventories require or provide cash? Did the change in accounts payable require or provide cash?
- e. What was the net outflow or inflow of cash from investing activities for the year ended September 26, 2015?
- f. What was the amount of income taxes paid in the year ended September 26, 2015?
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