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Use APPLE INC's annual report to answer the following questions: (Annual reports can be found on the SEC's website. ) Regarding the company's current liabilities:

Use APPLE INC's annual report to answer the following questions: (Annual reports can be found on the SEC's website. )

Regarding the company's current liabilities:

  1. How does APPLE value its current liabilities, and is this valuation justified?
  2. What were APPLE's total current liabilities at the end of the fiscal year?
  3. What was the largest current liability? Describe other significant current liabilities as well.
  4. Is APPLE involved in litigation? If so, what can be concluded from its disclosures regarding this litigation?

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