APPLE INC BALANCE SHEET WITH HORIZONTAL ANALYSIS DECEMBER 25TH 2021 amount in $ first quarter Second quarter 25-Dec-21 25-Sep-21 june 26,20 26-Sep-20 ASSETS Current assets Cash and cash equivalents 37119 34940 34050 38016 Market securities 26794 27699 27646 52927 Accounts receivable,net 30213 26278 17475 16120 Inventories 5876 6580 5178 4061 Vendor non trade receivables 35040 25228 16433 21325 Other current assets 18112 14111 13641 11264 Total current assets 153154 134836 114423 143713 Non current assets Marketable securities Property,plant and equipment, net 138683 127877 131948 100887 39245 39440 38615 36766 Other non current assers 50109 48849 44854 42522 Total non current assets Total assets 228037 216166 215417 180175 381191 351002 329840 323888 LIABILITIES AND STAKEHOLDERS EQUITY LIABILITIES AND STAKEHOLDERS EQUITY Current liabilities Acoounts payable 74362 54763 40409 42296 32066 75.8133 Other current liabilities 49167 47493 43625 42684 6483 15.1884 Deffered revenue 7876 7612 7681 6643 1233 18.5609 Commercial paper 5000 6000 8000 4996 0.08006 Term debt 11169 9613 8039 8773 2396 27.3111 Total current liabilities 147574 125481 107754 105392 42182 40.0239 Non current liabilities Term debt 106629 109106 105752 98667 7962 8.06957 Other non current liabilities 55056 53325 52054 54490 566 1.03872 Total non current liabilities 161685 162431 157806 153157 8528 5.56814 Total liabilities 309259 287912 265560 258549 50710 19.6133 SHAREHOLDERS EQUITY Common stpck 58424 57365 54989 50779 7645 15.0554 Retained earnings 14435 5562 9233 14996 -561 -3.741 Accumulated other comprehensive income -927 163 58 -406 -521 128.325 Total shareholdersequity 71932 63090 64280 65369 6563 10.0399 Total liabilities and shareholders equity 381191 351002 329840 323918 57273 17.6813

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.2.1C
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Perform a solvency analysis for the two quotas

APPLE INC
BALANCE SHEET WITH HORIZONTAL ANALYSIS
DECEMBER 25TH 2021
amount in $
first quarter
Second quarter
25-Dec-21 25-Sep-21
june 26,20 26-Sep-20
ASSETS
Current assets
Cash and cash equivalents
37119
34940
34050
38016
Market securities
26794
27699
27646
52927
Accounts receivable,net
30213
26278
17475
16120
Inventories
5876
6580
5178
4061
Vendor non trade receivables
35040
25228
16433
21325
Other current assets
18112
14111
13641
11264
Total current assets
153154
134836
114423
143713
Non current assets
Marketable securities
Property,plant and equipment, net
138683
127877
131948
100887
39245
39440
38615
36766
Other non current assers
50109
48849
44854
42522
Total non current assets
Total assets
228037
216166
215417
180175
381191
351002
329840
323888
LIABILITIES AND STAKEHOLDERS EQUITY
Transcribed Image Text:APPLE INC BALANCE SHEET WITH HORIZONTAL ANALYSIS DECEMBER 25TH 2021 amount in $ first quarter Second quarter 25-Dec-21 25-Sep-21 june 26,20 26-Sep-20 ASSETS Current assets Cash and cash equivalents 37119 34940 34050 38016 Market securities 26794 27699 27646 52927 Accounts receivable,net 30213 26278 17475 16120 Inventories 5876 6580 5178 4061 Vendor non trade receivables 35040 25228 16433 21325 Other current assets 18112 14111 13641 11264 Total current assets 153154 134836 114423 143713 Non current assets Marketable securities Property,plant and equipment, net 138683 127877 131948 100887 39245 39440 38615 36766 Other non current assers 50109 48849 44854 42522 Total non current assets Total assets 228037 216166 215417 180175 381191 351002 329840 323888 LIABILITIES AND STAKEHOLDERS EQUITY
LIABILITIES AND STAKEHOLDERS EQUITY
Current liabilities
Acoounts payable
74362
54763
40409
42296
32066 75.8133
Other current liabilities
49167
47493
43625
42684
6483
15.1884
Deffered revenue
7876
7612
7681
6643
1233
18.5609
Commercial paper
5000
6000
8000
4996
0.08006
Term debt
11169
9613
8039
8773
2396 27.3111
Total current liabilities
147574
125481
107754
105392
42182
40.0239
Non current liabilities
Term debt
106629
109106
105752
98667
7962
8.06957
Other non current liabilities
55056
53325
52054
54490
566
1.03872
Total non current liabilities
161685
162431
157806
153157
8528
5.56814
Total liabilities
309259
287912
265560
258549
50710
19.6133
SHAREHOLDERS EQUITY
Common stpck
58424
57365
54989
50779
7645
15.0554
Retained earnings
14435
5562
9233
14996
-561
-3.741
Accumulated other comprehensive income
-927
163
58
-406
-521
128.325
Total shareholdersequity
71932
63090
64280
65369
6563
10.0399
Total liabilities and shareholders equity
381191
351002
329840
323918
57273
17.6813
Transcribed Image Text:LIABILITIES AND STAKEHOLDERS EQUITY Current liabilities Acoounts payable 74362 54763 40409 42296 32066 75.8133 Other current liabilities 49167 47493 43625 42684 6483 15.1884 Deffered revenue 7876 7612 7681 6643 1233 18.5609 Commercial paper 5000 6000 8000 4996 0.08006 Term debt 11169 9613 8039 8773 2396 27.3111 Total current liabilities 147574 125481 107754 105392 42182 40.0239 Non current liabilities Term debt 106629 109106 105752 98667 7962 8.06957 Other non current liabilities 55056 53325 52054 54490 566 1.03872 Total non current liabilities 161685 162431 157806 153157 8528 5.56814 Total liabilities 309259 287912 265560 258549 50710 19.6133 SHAREHOLDERS EQUITY Common stpck 58424 57365 54989 50779 7645 15.0554 Retained earnings 14435 5562 9233 14996 -561 -3.741 Accumulated other comprehensive income -927 163 58 -406 -521 128.325 Total shareholdersequity 71932 63090 64280 65369 6563 10.0399 Total liabilities and shareholders equity 381191 351002 329840 323918 57273 17.6813
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