Use the statement of cash flows for Apple Inc. for the year ended September 27, 2008, given

Question:

Use the statement of cash flows for Apple Inc. for the year ended September 27, 2008, given here to answer the questions that follow.
Apple Inc.
Statement of Cash Flows
For the Year Ended September 27, 2008
(in millions)
Cash and cash equivalents, beginning of the year . . . . . . . . . . . . . . . . . . . . . . . . .$9,352
Operating Activities:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,834
Adjustments to reconcile net income to cash generated by operating activities . . . 4,762
Cash generated by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,596
Investing Activities:
Purchase of short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(22,965)
Proceeds from maturities of short-term investments . . . . . . . . . . . . . . . . . . . . . . . 11,804
Proceeds from sales of short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,439
Purchase of property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(1,091)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (376)
Cash (used in) generated by investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . (8,189)
Financing Activities:
Proceeds from issuance of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 483
Other financing activities (net) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 633
Cash generated by financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,116
Increase in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,523
Cash and cash equivalents, end of the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,875

Requirements
1. Did Apple purchase any property, plant, or equipment during the year?
2. If you were to examine Apple’s at September 27, 2008, what amount would be shown for cash and cash equivalents?
3. Was cash generated from operations or used by operations? By what amount?
4. Did Apple receive any new contributions from owners during the year? How can you tell?
5. What was the primary source of cash for Apple for the year ended September 27, 2008? What does this say to you about Apple’s operations for this year?

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