The financial statements of Apple Inc. for 2014 are presented in Appendix A Click here to view Appendix A Refer to Apple's financial statements and answer the following questions. Part 1 What were Apple's total current liabilities at September 27, 2014? What was the increase/decrease in Apple's total current liabilities from the prior year? Total current liabilities $ millions Apple's total current liabilities increased by $ millions relative to the prior year. Attempts: 0 of Sused Submit A Save for Later Part 2 How much were the accounts payable at September 27 2014? S millions Accounts payable Attempts: 0 of 5 used Submit Answer Save for Later FINAL PAGES aptara PM 1-0161 1202/WB01539/9781118552551/mmatter/AppAltext ncial Statements: Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS In millons, except number of shares which are reflected in thousands and per share amounts) Years ended September 27, September 28, September 29, 2014 2013 2012 Not Sales $ 182,795 $ 170,910 $ 156,508 Cost of sales 112,258 106,608 B7,846 Grots margin 70,537 54,304 68,662 Operating expenses: Research and development 6.041 4,475 3,381 Selling general and administrative 11,993 10.830 10,040 Total operating expenses 18,034 15.305 13,421 Operating Income 52,503 48.999 55.241 Other incomo/oxpensel.net 980 1.156 522 Income before provision for income taxes 53,483 50.155 55,783 Provision for income taxes 13,978 13.118 14.000 Net Income $ 39,510 $37.037 $ 41,733 S Earnings per share: Basic Diuted 8.49 0.45 $ $ 5.72 5.68 $ $ 8.31 Shares used in computing earrings por share Basic Diluted 6,085,572 6,122,083 6,477,320 6.521.634 6,543,728 8,617 483 $ 1.82 $ 1.84 $ 0.38 Cash dividends declared per common share ents Soo accompanying Notes to Consolidated Financial $ 1.82 $ 1.84 $ 0.39 Cash dividends declared per common share See accompanying Notes to Consolidated Financial Statements. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Iln milions) Yours ended September 27, September 28, September 29, 2016 2013 2012 $ 39,510 $ 37,037 $ 41,733 Net Income (137) (112) (15) 1,390 522 (131) 140 (458) 999 1.539 (530) Other comprehensive income/foss): Change in foreign curency translation, net of tax effects of $50, 835 and $13, respectively Change in unrecognized gans/osses on derivative Instruments: Change in fair value of derivatives, net of tax benefit/expense) of $(297), $(351) and $73, respectively Adjustment for net losses/(gains) realzed and included in net incomo, net of tax expense/beneft) of S(36), 8256 and 8220, respectively Total change in unrecognized gaind/ontes on derivative Instruments, net of tax Change in urresired gains ones on marketable securities: Change in far value of marketable securities, net of tax benefit (expense) of $(163). $458 and $(421), respectively Adjustment for net losses/gains) realized and included in niet income, net of tax expense benefit of $71, 882 and $68, respectively Total change in unrealized gainalosses on marketable securities net of tax Total other comprehensive income/one Total comprehensive Income 285 (791) 715 (134 (131) (114) 151 601 1922) (970) 1,553 56 41.063 30.087 $ 41,780 Sot accompanying Notes to Consolidated Financial Statements. FINAL PAGES apta CONSOLIDATED BALANCE SHEETS (in milions, except number of shares which are reflected in thousands and par value) September 27. September 28, 2014 2013 13,844 11,233 17,400 2.111 4,318 9,759 9.806 68,531 130,162 20,624 4.616 4,142 3,784 $ 231,839 S 14,269 26 287 13,102 1.784 3,453 7,539 6,882 73,286 106.215 16.597 1,577 4,179 5,148 $ 207.000 ASSETS: Current assets: Cash and cash equvalents Short-term marketable securities Accounts receivable, less dlowances of 886 and $99, respectively Inventorios Deferred tax assets Vendor non-trade reorgables Other current assets Total current assets Long-term marketable securities Property, plant and equipment, net Goodwill Acquired intangible asseto, net Other assets Total assets LIABILITIES AND SHAREHOLDERS' EQUITY: Current labilities: Accounts payable Accrued expenses Deferred revenue Commercial paper Total current abilities Deferred revenue -non current Long-term debt Other non-current kebilities Total bites Commitments and contingencies Shareholders' equilty: Common stock and additional pad-in capital, 80.00001 par value: 12.800,000 shares buthorized, 5,866,161 and 6.294,494 shares oued and outstanding, respectively Retained earnings Accumulated other comprehensive income oso) Total shareholders' equity S 22.367 13,858 7,435 0 30, 196 18,453 8,491 6,308 63,448 3,031 28,987 24,820 43,658 2,625 16.900 20.208 120,292 83,451 23,313 87.152 1,082 111.547 19.784 104 250 (471) 123 549 $ 22,367 13,856 7,435 0 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Accrued expenses Deferred revenue Commercial paper Total current liabilities Deferred revenue-non-current Long-term debt Other non-current liabilities Total liabilities Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value; 12,600,000 shares authorized; 5,886,161 and 6,294,494 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/(losa) Total shareholders' equity Total liabilities and shareholders' equity $ 30, 196 18,453 8,491 6,308 63,448 3,031 28,987 24,826 120,292 43,658 2,625 16,960 20.208 83.451 23,313 87,152 1,082 111,547 $ 231,839 19,764 104,256 (471) 123,549 207.000 See accompanying Notes to Consolidated Financial Statements, CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except rumber of shares which are reflected in thousands) Common Stock and Additional Pald-in Capital Shares Amount 6,504,937 $ 13,331 0 Retained Earnings $ 62,841 41,733 0 Accumulated Other Total Comprehensive Shareholders Income (Loss) Equity $ 443 $ 76,615 0 41.733 56 58 0 (2,523) 0 1,740 0 0 0 0 12.523) 0 0 1.740 200 (782) 0 60,521 (562) 0 1,151 16,422 490 6.574,458 0 0 0 0 0 0 101.289 37,037 0 (10,876) 22,950) 0 1.151 118.210 37,037 1970) (10,670) (22.950) 2,253 0 (970) 0 0 0 0 (328,837 0 0 2,253 Balances as of September 24, 2011 Net income Other comprehensive income fone) Dividends and dividend equivalents declared Share-based compensation Common stock issued, net of shares withhold for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balance as of September 29, 2012 Not income Other comprehensive incorre/foss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balonces te of September 28, 2013 Net income Other comprehensive Income/fo) Dividends and dividend equivalents declared Popurchase of common stock Share-based comparation Common stock mund, net of shares withheld for employees Tax benefit from equity Awards, including transfer pricing adjustments Bataron as of September 27, 2014 48.873 (143) (444) 0 (587) 0 1.232 0 0 19.764 8.294,494 0 104,256 39,510 0 1.232 123,549 39,510 (471) 0 1.563 0 0 0 0 0 0 (11.215) (45.000) 0 (488,677) 0 0 (11.215) (45,000) 2,803 2,863 0 60,344 140 (3901 0 (448) 0 0 5,860, 161 735 $ 23,313 735 $111.547 $ 87,152 1,082 Be companyng Notes to Consoldated Financial Statements CONSOLIDATED STATEMENTS OF CASH FLOWS (in millons Yours ended September 27, September 21, September 29, 2014 2013 2012 Cash and cash equivalents, beginning of the year $ 14,259 $10.746 $ 0.815 Operating activities Net income 39,510 37037 41.733 Adjustments to reconcile net income to cash gerer med by operating activities: Depreciation and amortization 7.946 6,757 3.277 Share based compensation expense 2,863 2.253 1,740 Deferred income tax expense 2347 1.141 4.405 Changes in operating assets and abilities: Accounts receivable, net 12.172) 15,551) Inventories (76) 1973) (15) Vendor con-trade receivables 12.220) 223 11.414) Other current and non-current annet 167 1,080 3,162 Accounts payable 5,938 2.340 4,467 Deferred reverde 1.460 1450 2824 Other current and non-current abilities 6,010 4.521 2.582 Cash generated by operating activities 50,713 63.888 50.856 Inventing acties Purchase of marketable securities (217 128 (148 489) (151,232) Proceeds from maturities of marketable securities 18,810 20,317 13.035 Proceeds from sales of marketable securities 189,301 104,130 99,770 Payments made in connection with business Boquitation, not 0.765 (490) 350 Payments for acquisition of property, plant and equipment 19,571) (8165) 18.299 Payments for acquisition of intangible amets (242) 1911) (1.107 Other 10 1100 Cash used in investing activities 122,570) 33.774 48.227 Francing activities Proceeds from ince of common stock 730 530 005 Exco tax benefits from equity awards 739 701 1.551 Tace paid related to not share settlement of equity awards (1.150 (1.082) 11.220 Dividends and dividend culiserta pald 11.120) 110.504 2.400 Repurchase of common stock (45.000) 22.800 0 Proceeds from suce long-term deb.net 11.900 16.00 0 Proceeds from issuance of commercial paper,net 6.300 0 0 Cash used in trening activities 37.649 116,379 11.00 incredecrease in cash and cash equivalents 3513 901 Cash and cash ouverts, and of the year 13.04 514.250 10.140 Supplemental cash fow disclosure Cash paid for income, net $ 10.020 . Cashped for interest . 0 0 See accompanying Notes to consolidated Financial Statements