Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I'm having difficulty with this one. The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to
I'm having difficulty with this one.
The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company's website. Click here to view Appendix A. Answer the following questions. (a1) Determine the percentage change for short-term marketable securities from 2018 to 2019 . (Round answer to 1 decimal place, e.g. 15.2.) Short-term marketable securities eTextbook and Media Assistance Used eTextbook 1 eTextbook 2 List of Accounts (a2) Attempts: unlimited Determine the percentage change for long-term marketable securities from 2018 to 2019. (Round answer to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).)) Long-term marketable securities Attempts: unlimited List of Accounts (b1) Using Apple's consolidated statement of cash flows, determine purchases of marketable securities during the current year. Purchases of marketable securities \$ million eTextbook and Media List of Accounts Attempts: unlimited (b2) Using Apple's consolidated statement of cash flows, determine how much was spent for business acquisitions, net of cash acquired during the current year. Payments for business acquisitions \$ million Specimen Financial Statements: Apple Inc. Ones cach year, a corporation communicates to its stockholders and other interested partics by issuing a complete set of audited financial statements. The annual report, as this communication is called, summarizes the financial results of the company's operations for the year and its plans for the future. Many annual reports are attractive, multicolored, glossy public relations pieces, containing pictures of corporate oflicers and directors as well as photos and descriptions of new products and new buildings. Yet the basic function of every annual report is to report financial information, almost all of which is a product of the comporation's acoounting system. The content and organization of corporate annual reports have become fairly standardized. Excluding the public relations part of the report (pictures, products, efc.), the following are the traditional financial portions of the annual report: The official SEC filing of the annual report is called a Form 10-K, which often omits the public relations pieces found in most standard annual reports. On the following pages, we present Apple Inc.'s financial statements taken from the company's 2019 Form 10-K. The complete Form 10-K, including notes to the financial statements, is available at the company's website. A-2 APPENDIX A Specimen Financial Statementsi Apple Inc. APPENDIX. A Specimen Finandial 5 tarements:Apple Inc. A 3 A-4 FNIIX A Spariman Financial Statentente Apple Inc. The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company's website. Click here to view Appendix A. Answer the following questions. (a1) Determine the percentage change for short-term marketable securities from 2018 to 2019 . (Round answer to 1 decimal place, e.g. 15.2.) Short-term marketable securities eTextbook and Media Assistance Used eTextbook 1 eTextbook 2 List of Accounts (a2) Attempts: unlimited Determine the percentage change for long-term marketable securities from 2018 to 2019. (Round answer to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).)) Long-term marketable securities Attempts: unlimited List of Accounts (b1) Using Apple's consolidated statement of cash flows, determine purchases of marketable securities during the current year. Purchases of marketable securities \$ million eTextbook and Media List of Accounts Attempts: unlimited (b2) Using Apple's consolidated statement of cash flows, determine how much was spent for business acquisitions, net of cash acquired during the current year. Payments for business acquisitions \$ million Specimen Financial Statements: Apple Inc. Ones cach year, a corporation communicates to its stockholders and other interested partics by issuing a complete set of audited financial statements. The annual report, as this communication is called, summarizes the financial results of the company's operations for the year and its plans for the future. Many annual reports are attractive, multicolored, glossy public relations pieces, containing pictures of corporate oflicers and directors as well as photos and descriptions of new products and new buildings. Yet the basic function of every annual report is to report financial information, almost all of which is a product of the comporation's acoounting system. The content and organization of corporate annual reports have become fairly standardized. Excluding the public relations part of the report (pictures, products, efc.), the following are the traditional financial portions of the annual report: The official SEC filing of the annual report is called a Form 10-K, which often omits the public relations pieces found in most standard annual reports. On the following pages, we present Apple Inc.'s financial statements taken from the company's 2019 Form 10-K. The complete Form 10-K, including notes to the financial statements, is available at the company's website. A-2 APPENDIX A Specimen Financial Statementsi Apple Inc. APPENDIX. A Specimen Finandial 5 tarements:Apple Inc. A 3 A-4 FNIIX A Spariman Financial Statentente Apple IncStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started