Examine the annual report for APPLE INC. and respond to the following questions using the most recent balance sheet provided.

1. What is the total for assets? Liabilities? Owners equity?

2. What is the amount of accounts receivables?

3. What is the amount of inventory? What inventory valuation method (LIFO / FIFO / Average cost) do they use?

4. What is the total for current assets? Long-term assets?

5. What current asset has the largest balance? What Long-term asset has the largest balance?

6. What is the total for current liability? Long-term liability?

7. What is total stockholders' equity? What is the amount of retained earnings?

8. Assets are financed by either liabilities (debt) or stockholders equity. Which is larger debt of stockholders or equity for your company?