60.1K

Verified Solution

Link Copied!

Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 29, 2018, and (b) September 30, 2017. Note: Round percentage values to 1 decimal place. Compute the days' sales uncollected as of (a) September 29, 2018, and (b) September 30, 2017. Note: Assume there are 365 days in a year. Round your answers to 1 decimal place. Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 29, 2018 ASSETS September 30, 2017 Current assets Cash and cash equivalents Marketable securities Accounts receivabie, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets s 23,1863,95625,80912,087131,339170,79941,30422,28354,3865365,725 25,913 40,388 23,186 S 20,289 53,892 17,874 4.855 17,799 13.936 128.645 Other non-current assets Total non-current assets Total assets LIABILITIES AND SHAREHOLDERS' EQUTTY Current liabilities Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities Deferred revenue Term debt Other non-current liabilities Total noo-current liabilities Total liabilities s \begin{tabular}{r|r} 11,964 & 11,977 \\ \hline 8,784 & 6,496 \\ \hline 116,866 & 100,814 \end{tabular} 44,242 30.551 \begin{tabular}{|r|r|} \hline 32,687 & 30,551 \\ \hline 7,543 & 7,548 \\ \hline 11,964 & 11,977 \\ \hline 8,784 & 6,496 \\ \hline 116,866 & 100,814 \\ \hline 2,797 & \\ \hline 93,735 & 2,836 \\ \hline 45,180 & 97,207 \\ \hline 141,712 & 40,415 \\ \hline 258,578 & 140,458 \\ \hline & 241,272 \\ \hline \end{tabular} Commitments and contingeacies Shareholders' equity Common stock and additional paid-in capital, $0,00001 pur value 12,600,000 shares authorized; 4,754,986 and 5,126,201 shares issued and outstanding, respectively Retained earnings Accumulated oher comprebensive income (loss) Total shareholders' equity Total liabilities and sharcholders' equity 40,201 70,400 (3,454)5107,147365,725 35,867 98330 (150) 1. Accumulated other comprebensive income (loss) Total sharebolders' equity Use Apple's financial statements in Appendix A to answer the following. 1. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 29, 2018, and (b) September 30, 2017. 2. Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at fiscal year-end for both 2018 and 2017. 3. Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 29, 2018, and (b) September 30, 2017. 4. Compute the days' sales uncollected as of (a) September 29, 2018, and (b) September 30, 2017. 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 29, 2018, and (b) September 30 , 2017. Note: Enter your answers in millions: Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at. fiscal year-end for both 2018 and 2017. Note: Round percentage values to 1 decimal place. Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS An milions. excent number of shares which are reflected in thousands and per share amounts See accompanying Notes to Consolidatod Financial Statements. Complete this question by entering your answers in the tabs below. Does Apple's collection of receivables show a favorable or unfavorable change? Does Apple's collection of roceivables show a favorable or unfavorable change

Answer & Explanation Solved by verified expert

See Answer