The folowing end-of-the-ycar balance sliets (in millions) Bee adapted from recent financial statements of Apple (AAPL). Yaar 1 Year 2 Current ansets: $ 13,344 11,233 $ 21,120 20,481 Cash.... Marketable securities Accounts receivable 7219 211 30343 2349 Inventory ... Other.. 14,124 15,085 S 68531 Total cument asiets. Long-tem aiet: Long-term marketable securities... Property, plant, and equipment..... Other lang-term asets Total long-termassets Total assets. $130, 162 2624 $164,065 22471 14565 $201,101 12522 $163,308 S290,479 Curent liabilities: Accounts payable and similar liabilitis. Current portion of long-lerm debt .. Other.... $ 48649 $ 60,671 2,500 17,439 $ a0,610 90,514 14799 Total cument liabilities. Long-term liabilities Total liabilities... Stockholders'equity- $ 63,448 56,844 $12022 $171,124 Comman stock.. Retainedearnings. $ 23313 S 27416 92,184 87,152 Other items.. 1,082 (345) $119,355 S290,479 Total stockholders'equity. $111,547 Total liabilities and stockholders'equity $231,839 1. Prepare comTn-siad bulance shests fior Apple for Tears i and 2 Round ko one decimal place. 2. Commenl on your answer in (1L
The folowing end-of-the-ycar balance sliets (in millions) Bee adapted from recent financial statements of Apple (AAPL). Yaar 1 Year 2 Current ansets: $ 13,344 11,233 $ 21,120 20,481 Cash.... Marketable securities Accounts receivable 7219 211 30343 2349 Inventory ... Other.. 14,124 15,085 S 68531 Total cument asiets. Long-tem aiet: Long-term marketable securities... Property, plant, and equipment..... Other lang-term asets Total long-termassets Total assets. $130, 162 2624 $164,065 22471 14565 $201,101 12522 $163,308 S290,479 Curent liabilities: Accounts payable and similar liabilitis. Current portion of long-lerm debt .. Other.... $ 48649 $ 60,671 2,500 17,439 $ a0,610 90,514 14799 Total cument liabilities. Long-term liabilities Total liabilities... Stockholders'equity- $ 63,448 56,844 $12022 $171,124 Comman stock.. Retainedearnings. $ 23313 S 27416 92,184 87,152 Other items.. 1,082 (345) $119,355 S290,479 Total stockholders'equity. $111,547 Total liabilities and stockholders'equity $231,839 1. Prepare comTn-siad bulance shests fior Apple for Tears i and 2 Round ko one decimal place. 2. Commenl on your answer in (1L
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.1.2MBA
Related questions
Question
Common sized balance sheets the following end of the year balance sheets in millions were adapted |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning