Question: Debt Ratio - JBL Accounting Toolkit - Debt Ratio Find an annual report for a company of interest ... (Apple Inc)

Debt Ratio - JBL

Accounting Toolkit - Debt Ratio

Find an annual report for a company of interest (perhaps your employer). Publicly held company annual reports (10K) can be located via Edgar Archives on the Security and Exchange website.

To perform the search in the Edgar Archives you can use either the company name or "ticker symbol" for the company. [View instructions on how to access the annual reports]

Click on the link to "Interactive Data" and then the link to the "Financial Statements". Locate and review the Income Statement and Balance Sheet. Title your post with the name of your company and share the following in your post:

What is the name of your company? (i chose to do Apple Inc)

What is the web address that leads to your financial reports?

Why are you interested in this company?

Calculate the debt ratio.

What have you learned from this analysis?

After you have conducted your research, please share with the class approximately 1-2 paragraphs.

SEC Home Search the Next-Generation EDGAR System Company Apple Inc. (Filer) CIK: 0000320193 Print Document View Excel Document 10-K CONSOLIDATED BALANCE SHEETS- USD ($) Sep. 26, 2020 Sep. 28, 2019 Cover Sin Millions Cover Page Current assets: Cash and cash equivalents $ 38,016 $ 48,844 Financial Statements Marketable securities 52.927 51,713 CONSOLIDATED Accounts receivable, net 16,120 22,926 STATEMENTS OF Inventories 4,061 4,106 OPERATIONS Vendor non-trade receivables 21,325 22,878 CONSOLIDATED Other current assets 11,264 12,352 STATEMENTS OF Total current assets 143,713 162,819 COMPREHENSIVE Non-current assets: INCOME Marketable securities 100,887 105,341 CONSOLIDATED Property, plant and equipment, net 36.766 37,378 BALANCE SHEETS Other non-current assets 42,522 32.978 Total non-current assets CONSOLIDATED 180,175 175,697 BALANCE SHEETS Total assets 323,888 338,516 (Parenthetical) Current liabilities: 42,296 Accounts payable CONSOLIDATED 46,236 STATEMENTS OF Other current liabilities 42,684 37.720 SHAREHOLDERS' EQUITY Deferred revenue 6,643 5,522 CONSOLIDATED Commercial paper 4,996 5.980 STATEMENTS OF CASH Term debt 8,773 10,260 FLOWS Total current liabilities 105,392 105,718 Non-current liabilities: Notes to Financial Statements Term debt 98,667 91,807 Accounting Policies Other non-current liabilities 54,490 50,503 Notes Tables Total non-current liabilities 153.157 142,310 Total liabilities 258,549 248,028 Notes Details Commitments and contingencies * All Reports Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976.763 and 50,779 45,174 17.772,945 shares issued and outstanding, respectively Retained earnings 14,966 45,898 Accumulated other comprehensive (406) (584) income/(loss) Total shareholders' equity 65,339 90,488 Total liabilities and shareholders' equity $ 323,888 $ 338,516