3 = 3. Read the annual report of Apple Inc. ended at September 30, 2023. (6 marks) Required: 1) Did the value of cash and cash equivalents increase from 2022 to 2023? Do you believe an increase in cash is a good thing? (2 marks) 2) Did accounts receivable increase from 2022 to 2023? Do you believe an increase in accounts receivable is a good thing or a bad thing? (2 marks) 3) Did inventories increase from 2022 to 2023? Do you believe an increase in inventory is good or bad? (2 marks)

3 = 3. Read the annual report of Apple Inc. ended at September 30, 2023. (6 marks) Required: 1) Did the value of cash and cash equivalents increase from 2022 to 2023? Do you believe an increase in cash is a good thing? (2 marks) 2) Did accounts receivable increase from 2022 to 2023? Do you believe an increase in accounts receivable is a good thing or a bad thing? (2 marks) 3) Did inventories increase from 2022 to 2023? Do you believe an increase in inventory is good or bad? (2 marks)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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