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Identifying Key Numbers from Financial Statements Access Apple Inc.'s 10-K provided on SEC's EDGAR database for financial reports (www.sec.gov). Click link to access a copy of Apple's 2020 10-K: View Apple's What are Apple's dollar amounts for assets, liabilities, and equity at September 26, 2020? Confirm that the accounting equation holds in this case. Assets = Liabilities $ 365,725 x $ 258,578 * $ Equity 107,147 x Round to one decimal place (i.e. 34.5%) What percent of Apple's assets is financed from creditor financing sources? 70.7 * %

Identifying Key Numbers from Financial Statements Access Apple Inc.'s 10-K provided on SEC's EDGAR database for financial reports (www.sec.gov). Click link to access a copy of Apple's 2020 10-K: View Apple's What are Apple's dollar amounts for assets, liabilities, and equity at September 26, 2020? Confirm that the accounting equation holds in this case. Assets = Liabilities $ 365,725 x $ 258,578 * $ Equity 107,147 x Round to one decimal place (i.e. 34.5%) What percent of Apple's assets is financed from creditor financing sources? 70.7 * %

FINANCIAL ACCOUNTING
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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Identifying Key Numbers from Financial Statements Access Apple Inc.'s 10-K provided on SEC's EDGAR database for financial reports (www.sec.gov). Click link to access a copy of Apple's 2020 10-K: View Apple's 201 What are Apple's dollar amounts for assets, liabilities, and equity at September 26, 2020? Confirm that the accounting equation holds in this case. $ Assets 365,725 x Liabilities + $ 258,578 * $ Equity 107,147 x Round to one decimal place (i.e. 34.5%) What percent of Apple's assets is financed from creditor financing sources? 70.7 X %
Transcribed Image Text:Identifying Key Numbers from Financial Statements Access Apple Inc.'s 10-K provided on SEC's EDGAR database for financial reports (www.sec.gov). Click link to access a copy of Apple's 2020 10-K: View Apple's 201 What are Apple's dollar amounts for assets, liabilities, and equity at September 26, 2020? Confirm that the accounting equation holds in this case. $ Assets 365,725 x Liabilities + $ 258,578 * $ Equity 107,147 x Round to one decimal place (i.e. 34.5%) What percent of Apple's assets is financed from creditor financing sources? 70.7 X %
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