Please help on all questions, A-F! Thank you :)
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The financial statements of Apple Inc. are presented in Appendix A. (a) What was the amount of net cash provided by operating activities for the year ended September 28, 2019? For the year ended September 29, 2018? (Enter answers in millions.) September 28, 2019 September 29, 2018 Net cash provided by operating activities $ million $ million (b) What was the amount of increase or decrease in cash and cash equivalents for the year ended September 28, 2019? (Hint: Use the comparative balance sheets to calculate this amount.) (Enter answers in millions.) Cash and cash equivalents September 28, 2019 4 by $ million (c) Which method of computing net cash provided by operating activities does Apple use? Apple uses the (c) Which method of computing net cash provided by operating activities does Apple use? Apple uses the (d) From your analysis of the September 28, 2019, statement of cash flows, was the change in accounts receivable a decrease or an increase? Was the change in inventories a decrease or an increase? Was the change in accounts payable a decrease or an increase? The change in accounts receivable 4 in 2019. The change in inventories 4 in 2019. The change in accounts payable in 2019, (e) What was the net cash provided (generated) by investing activities for the year ended September 28, 2019? (Enter answer in millions.) Net of cash from investing activities $ million. (f) (f) What was the amount of interest paid in the year ended September 28, 2019? What was the amount of income taxes paid for the same period? (Enter answer in millions.) Interest paid $ million Income taxes paid $ million e Textbook and Media Save for Later Attempts: 0 of 1 used Submit Answer Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 28, 2019 September 29, 2018 September 30, 2017 Net sales: Products Services Total net sales $ 213,883 46,291 260,174 $ 225,847 39,748 265,595 $ 196,534 32,700 229,234 Cost of sales: Products Services Total cost of sales Gross margin 144,996 16,786 161,782 98,392 148,164 15,592 163,756 101,839 126,337 14,711 141,048 88,186 Operating expenses: Research and development Selling, general and administrative Total operating expenses 16,217 18,245 34,462 14,236 16,705 30,941 11,581 15,261 26,842 70,898 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes 63,930 1,807 65,737 10,481 2,005 72,903 13,372 61,344 2,745 64,089 15,738 Services Total cost of sales Gross margin 16,786 161,782 98,392 15,592 163,756 101,839 14,711 141,048 88,186 Operating expenses: Research and development Selling, general and administrative Total operating expenses 16,217 18,245 34,462 14,236 16,705 30,941 11,581 15,261 26,842 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income 63,930 1,807 65,737 10,481 55,256 70,898 2,005 72,903 13,372 61,344 2,745 64,089 15,738 48,351 $ $ 59,531 $ Earnings per share: Basic $ $ 12.01 $ 9.27 11.97 11.89 Diluted $ $ 11.91 $ 9.21 Shares used in computing earnings per share: Basic Diluted 4,617,834 4,648,913 4,955,377 5,000,109 5,217,242 5,251,692 See accompanying Notes to Consolidated Financial Statements
