Apple Inc. is an American multinational technology company that specializes in consumer electronics, software December 31, 2024, fiscal year-end account balance information for Aple Inc is showed below: Cash and cash equivalents. Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 5,800 28,000 68,000 160,000 47,000 19,000 140,000 The only asset not listed by Apple is short-term investments. The only liabilities not listed are $38,000 notes payable due in two years and related accrued interest payable of $1,000 due in four months. The current ratio at year-end is 1.6:1. Required: Please determine the following at December 31, 2024: 1. Total current assets 2. Short-term investments
Apple Inc. is an American multinational technology company that specializes in consumer electronics, software December 31, 2024, fiscal year-end account balance information for Aple Inc is showed below: Cash and cash equivalents. Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 5,800 28,000 68,000 160,000 47,000 19,000 140,000 The only asset not listed by Apple is short-term investments. The only liabilities not listed are $38,000 notes payable due in two years and related accrued interest payable of $1,000 due in four months. The current ratio at year-end is 1.6:1. Required: Please determine the following at December 31, 2024: 1. Total current assets 2. Short-term investments
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.5C
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