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Interpreting Financial Statements BYPI-2 Apple Inc. is an international corporation that designs, solutions, and anufactures, and markets a range of mobile communication and balance sheet,

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Interpreting Financial Statements BYPI-2 Apple Inc. is an international corporation that designs, solutions, and anufactures, and markets a range of mobile communication and balance sheet, the fo media devices, personal computing products, and portable digital music players, as well as a variety of related software, networking hardware products. In the assets section of its 2014 balance sheet, the following data were presented: APPLE INC Balance Sheets (partial) (in U.S. millions) September 28, September 27, 2014 Assets 2013 Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowance Inventories Deferred tax assets Vendor non-trade receivables Other current assets $ 13,844 $ 14,259 11,233 17,460 2,111 4,318 9,759 9,806 26,287 13,102 1,764 3,453 7,539 6,882 Is Long-term marketable securities 106,215 16,597 130,162 Property, plant and equipment, net Goodwill 20,624 4,616 4,142 3,764 $231,839 1,577 4,179 5,146 $207,000 Acquired intangible assets, net Other assets Total assets (b) Do the assets reported on the balance sheet above tell you wh Apple is worth? What information does the balance sheet g you about the company's value? Instructions (a) For a company such as Apple, what do you think its most s this recorded on the important economic resource is? Where i balance sheet? At what value (if any) should it be shown

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