Question
The financial statements of Apple Inc. are presented below. Answer the following questions. (a) What was the amount of net cash provided by operating activities
The financial statements of Apple Inc. are presented below.
Answer the following questions. (a) What was the amount of net cash provided by operating activities for the year ended September 27, 2014? For the year ended September 28, 2013? (Enter amounts in millions.)
Net cash provided by operating activities (in millions) 2014______________ 2013 ____________________________
(b) What was the amount of increase or decrease in cash and cash equivalents for the year ended September 27, 2014? (Enter amount in millions.)
Increase or Decrease in cash and cash equivalent _______________________million (c) Which method of computing net cash provided by operating activities does Apple use? Indirect or Direct From your analysis of the September 27, 2014, 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? What was the net cash used by investing activities for the year ended September 27, 2014? (Enter amount in millions.) (f) What was the amount of interest paid in the year ended September 27, 2014? (Enter amount in millions.) What was the amount of income taxes paid for the same period? (Enter amount in millions.)
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