Use the information contained in the APPLE financial statements in Appendix A of your textbook to complete this case. All answers should be for the most current year given. (September 24, 2016 unless asked otherwise. Many companies show amounts in the thousands or millions - please state amounts as shown on the financial statements. Do not add zeros. You do not need to include dollar signs. 1. Balance Sheet Page A-2 (5.5 Points) Answer What is the name of the company's Balance Sheet? What does consolidated mean? (Hint: See your glossary) Apple Inc. Consolidated means 2. What is the amount of cash and cash equivalents that the company has? What is the amount of goods the company acquired to resell to customers? What amount is owed to the company from customers? (Net of any allowances is fine.) What amount is owed to the company from customers? (Net of any What is the amount of Current Assets? Why is this subtotal helpful? 6. T Is their investment in Property, Plant and Equipment increasing or decreasing? By how much? 7. What is Apple's largest asset? 8. What is the amount of liabilities that are due within one year or operating cycle? Use the information contained in the APPLE financial statements in Appendix A of your textbook to complete this case. All answers should be for the most current year given. (September 24, 2016 unless asked otherwise. Many companies show amounts in the thousands or millions - please state amounts as shown on the financial statements. Do not add zeros. You do not need to include dollar signs. 1. Balance Sheet Page A-2 (5.5 Points) Answer What is the name of the company's Balance Sheet? What does consolidated mean? (Hint: See your glossary) Apple Inc. Consolidated means 2. What is the amount of cash and cash equivalents that the company has? What is the amount of goods the company acquired to resell to customers? What amount is owed to the company from customers? (Net of any allowances is fine.) What amount is owed to the company from customers? (Net of any What is the amount of Current Assets? Why is this subtotal helpful? 6. T Is their investment in Property, Plant and Equipment increasing or decreasing? By how much? 7. What is Apple's largest asset? 8. What is the amount of liabilities that are due within one year or operating cycle