Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Use Apple's financial statements in Appendix A to answer the following. Complete this question by entering your answers in the tabs below. Required 1 Required

Use Apple's financial statements in Appendix A to answer the following.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
What is the amount of Apple's accounts receivable as of September 24,2022?
Note: Enter your answer in millions.
Apple's accounts receivable
million
Apple Inc.
CONSOLIDATED BALANCE SHEETS
(In millions, except number of shares which are reflected in thousands and par value)
September 24,2022
September 25,2021
ASSETS
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
\table[[Accounts payable,$,64,115,s,54,763],[Other current liabilities,,60,845,,47,493],[Deferred revenue,,7,912,,7,612],[Commercial paper,,9,982,,6,000],[Term debt,,11,128,,9,613],[Total current liabilities,,153,982,,125,481],[Non-current liabilities],[Term debt,,98,959,,109,106],[Other noncurrent liabilities,,49,142,,53,325],[Total noncurrent liabilities,,148,101,,162,431],[Total liabilities,,302,083,,287,912],[Commitments and contingencies],[Shareholders' equity],[\table[[Common stock and additional paid-in capital, $0,00001 par value: 50,400,000 shares],[authorized; 15,943,425 and 16,426,786 shares issued and outstanding, respectively]],,64,849,,57,365],[Retained earnings (Accumulated deficit),,(3,068),,5,562],[Accumulated other comprehensive income (loss),,(11,109),,163],[Total shareholders' equity,,50,672,,63,090],[Total liabilities and shareholders' equity,s,352,755,s,351,002]]
See accompanying Notes to Consolidated Financial Statements.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started