https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/wild_fap_24e/appendix_A.pdf
Use Apple's financial statements in Appendix A to answer the following. Required: 1. What is the amount of Apple's accounts receivable as of September 30, 2017? 2. Compute Apple's accounts receivable turnover as of September 30, 2017. 3. How long does it take, on average, for the company to collect receivables for fiscal year ended September 30, 2017? 4. Apple's most liquid assets include (a) cash and cash equivalents, (b) short-term marketable securities, (c) accounts receivable, and (c) inventory. Compute the percentage that these liquid assets (in total) make up of current liabilities as of September 30, 2017, and as of September 24, 2016. 5. Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2017 year-end compared to its fiscal 2016 year-end? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Apple's most liquid assets include (a) cash and cash equivalents, (b) short-term marketable securities, (c) accounts receivable, and (d) inventory. Compute the percentage that these liquid assets (in total) make up of current liabilities as of September 30, 2017, and as of September 24, 2016. (Round your percentage answers to 1 decimal place.) Liquid assets as a percent of current liabilities ($ millions) % September 30, 2017 September 24, 2016 % Use Apple's financial statements in Appendix A to answer the following. Required: 1. What is the amount of Apple's accounts receivable as of September 30, 2017? 2. Compute Apple's accounts receivable turnover as of September 30, 2017. 3. How long does it take, on average, for the company to collect receivables for fiscal year ended September 30, 2017? 4. Apple's most liquid assets include (a) cash and cash equivalents, (b) short-term marketable securities, (C) accounts receivable, and (a) inventory. Compute the percentage that these liquid assets (in total) make up of current liabilities as of September 30, 2017, and as of September 24, 2016. 5. Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2017 year-end compared to its fiscal 2016 year-end? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2017 year-end compared to its fiscal 2016 year-end? Apple's liquid assets as a percentage of current liabilities Use Apple's financial statements in Appendix A to answer the following. Required: 1. What is the amount of Apple's accounts receivable as of September 30, 2017? 2. Compute Apple's accounts receivable turnover as of September 30, 2017. 3. How long does it take, on average, for the company to collect receivables for fiscal year ended September 30, 2017? 4. Apple's most liquid assets include (a) cash and cash equivalents, (b) short-term marketable securities, (C) accounts receivable, and (a) inventory. Compute the percentage that these liquid assets (in total) make up of current liabilities as of September 30, 2017, and as of September 24, 2016. 5. Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2017 year-end compared to its fiscal 2016 year-end? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2017 year-end compared to its fiscal 2016 year-end? Apple's liquid assets as a percentage of current liabilities
