Strategic Balance Sheet of Apple-2019 Operating Assets $m Cash(5% of Sales) 13008 A/R 22926 Inv....
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Strategic Balance Sheet of Apple-2019
Operating Assets $m
Cash(5% of Sales) 13008
A/R 22926
Inv. 4106
Other CA 12352
PPE 37378
Other non-CA 32978
OA 122748
Operating liabilities A/P 46,236
Deferred rev. 5,522
Other current lia. 37,720
Other non-current lia. 50,503
OL 139,981
NOA -17,233
Financial Assets Cash equivalents 35836
ST marketable securities 51713
Vendor non-trade receivables 22878
LT marketable securities 105341
FA 215768
Financial liabilities Commercial paper 5980
LT Debt 10260 91807
FL 108047
NFA 107721
SE 90488
Strategic Balance Sheet reveals the strategy layout of the business. It shows Apple has far more financial assets than operating assets, so Apple is investment-oriented.
Please answer the following questions based on Apples Annual Report of 2020:
Please calculate:
Operating assets and financial assets
Operating liabilities and financial liabilities
Net operating assets and net financial assets
Whats the nature of Apple? Operating-oriented or investing-oriented ?
Prepare strategic Balance Sheet of Apple of 2020.
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