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Please complete the Critical Thinking Problem CT1.1 on Page 1-47 of your textbook. Also listed below. CT1.1 The financial statements of Apple, Inc. are presented
Please complete the Critical Thinking Problem CT1.1 on Page 1-47 of your textbook. Also listed below.
CT1.1 The financial statements of Apple, Inc. are presented in Appendix A of your textbook.
Instructions: (Refer to Apple's Financial Statements and answer the following questions:
- What were Apple's total assets at September 26, 2020?
- What were Apple's total assets at September 28, 2019?
- How much cash (and cash equivalents) did Apple have on September 26, 2020?
- What amount of accounts payable did Apple report on September 26, 2020?
- What amount of accounts payable did Apple report on September 28, 2019?
- What were Apple's net sales in the year ending September 26, 2020?
- What were Apple's net sales in the year ending September 28, 2019?
- What were Apple's net sales in the year ending September 29, 2018?
- What is the amount of the change in Apple's net income from 2019 to 2020?
- Which fiscal year was better for Apple, and why? Please explain your answer
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