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Who audited Apple Inc.'s financial statements as of, and for the period ended September 30, 2017? According to Apple Inc.'s balance sheet as of September

  1. Who audited Apple Inc.'s financial statements as of, and for the period ended September 30, 2017?
  2. According to Apple Inc.'s balance sheet as of September 30, 2017, what is their largest asset?
  3. According to the following website, what are the four main sections of the 10-K or 10-Q
    1. The Sections Of The 10-Q And 10-K
  4. The following is adapted from Financial Management for Executives (2nd ed.): Presented below is a list of financial statement accounts. Using the letter A for assets, L for liabilities, SE for shareholders equity, R for revenue, E for expenses, and N/A for not applicable, identify (a) whether the listed accounts appear on the balance sheet (B/S) or the income statement (I/S), and if so, (b) the nature of the account (i.e., A, L, SE, R, E, or N/A).
    1. Cash flow for operating activities
    2. Inventory
    3. Cost of goods sold
    4. Marketable securities
    5. Accounts receivable
    6. Retained earnings
    7. Income tax expense
    8. Cash
    9. Depreciation expense
    10. Common stock
    11. Accounts payable
    12. Dividends paid
    13. Miscellaneous revenue
    14. Office supplies
    15. Salaries payable
    16. Land
  5. The following is adapted from Financial Management for Executives (2nd ed.): Compute the return on assets (ROA) for La Verne Company using end-of-year assets in your calculation.
    1. Total revenue $250,000
    2. Total expenses$190,000
    3. Total assets $400,000
  6. The following is adapted from Financial Management for Executives (2nd ed.): Compute the missing amounts from the financial statements on pages 33-35 of your textbook. You may assume that accounts receivable relate only to credit sales and that accounts payable relate only to credit purchases of inventory. There were no sales of property and equipment during 2015 and any purchases of property and equipment were made using cash.

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