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Hi there - For my accounting class we are being asked to createa 5- to 10-slide presentation with the latest Apple Inc. information, showing calculations.

Hi there -

For my accounting class we are being asked to createa 5- to 10-slide presentation with the latest Apple Inc. information, showing calculations. Are you able to assist me with this project?

  • Be sure to use the most recent SEC 10-k or Annual report.
  • Identify the Company's current liabilities for the past two years?
  • Compare the current portion of long-term debt for the past two years?
  • Discuss some of the items found in the current liability section.
  • Describe any lease obligations the Company disclosed.
  • Explain what contingency liabilities are disclosed in the financial statements?
  • Recommend, from the perspective of a bank, whether or not you would support this company.
  • Compute the Debt ratio and Debt to Equity ratio.

image text in transcribed
APPLE INC., 10-K Analysis For Fiscal Year September 28, 2019 And Fiscal Year September 28, 2018 Company's cash Balance 2019 $48,844 *In Millions 2018 $25,913 Accounts receivables 2019 $22,926 *In Millions 2018 $23,186 Note For Cash And Cash Equivalents The Company has mentioned Note 3 for cash and cash equivalents. Company has classified it into cash, level 1 investments and level 2 investments. In level1 investments company has shown Money Market Units and Mutual funds. In level 2 investments company has shown US Treasury Securities, US Agency Securities, Non-US government securities, Certificates of deposits and time deposit, Commercial Paper, Corporate Securities, Municipal Securities and Mortgage and Assets Back Securities. Note for Accounts Receivables In note 3 to financial statements, company has mentioned for Accounts Receivables. Company has mentioned that in fiscal year 2019, company had no customers represent 10% or more of total trade receivables. For fiscal year 2018, company had one customer that represents 10% or more of trade receivables. Allowance For Doubtful Accounts Company has not shown Allowance for Doubtful Accounts for 2019 or 2018 fiscal years. Historically, the company has stated that company records allowance for doubtful accounts based on historical experience, age of accounts receivable balance, credit quality of customer, current economic conditions and other factors that may effect customer's ability to pay. Inventory Balance 2019 $4,106 *In Millions 2018 $3,956 Policies For Reporting Inventories Company records write down to inventories which have become obsolete or are in less demand. Company vales inventories at lower of cost or net realizable value. Company keeps inventories on basis of estimated demand for 150days. AR Turnover And Days AR Outstanding 2019 2018 AR Turnover: 11.35 AR Turnover: 11.45 Days AR Outstanding: 32.16 Days AR Outstanding: 31.86 Inventory Turnover And Days Sales in Inventory 2019 2018 Inventory Turnover: 39.40 Inventory Turnover: 41.39 Days Sales in Inventory: 9 Days Sales in Inventory: 10 Source: https://investor.apple.com/sec-filings/default.aspx Form 10-K Apple Inc., Thanks

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