Make an analysis of the Consolidated Balance Sheets. What do you see? The Long-term Debt has increased considerably...does that concern you? How is that explained in the notes to the financial statements? Consider the reasonableness of your answer. Current assets:Cash and cash equivalentsMarketable securitiesAccounts receivable, netInventoriesVendor non-trade receivablesOther current assetsTotal current assetsNon-current assets:Marketable securitiesProperty, plant and equipment, netOther non-current assetsTotal non-current assetsTotal assetsCurrent liabilities:Accounts payableOther current liabilitiesDeferred revenueCommercial paperTerm debtTotal current liabilitiesNon-current liabilities:Term debtOther non-current liabilitiesApple Inc.CONSOLIDATED BALANCE SHEETS(In millions, except number of shares which are reflected in thousands and par value)Total non-current liabilitiesTotal liabilitiesAccumulated other comprehensive income/(loss)Total shareholders' equityASSETS:Commitments and contingenciesShareholders' equity.Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,426,786and 16,976,763 shares issued and outstanding, respectivelyRetained earningsTotal liabilities and shareholders' equityLIABILITIES AND SHAREHOLDERS' EQUITY:$$$$September 25,202134,940 $27,69926,2786,58025,22814,111134,836127,87739,44048,849216,166351,002 $54,763 $47,4937,6126,0009,613125,481109,10653,325162,431287,91257,3655,56216363,090351,002 $September 26,202038,01652,92716,1204,06121,32511,264143,713100,88736,76642,522180,175323,88842,29642,6846,6434,9968,773105,39298,66754,490153,157258,54950,77914,966(406)65,339323,888

An analysis is made by the company on the consolidated balance sheet by the organization so that an…

Answered: Make an analysis of the Consolidated…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

100%

Make an analysis of the Consolidated Balance Sheets. What do you see? The Long-term Debt has increased considerably...does that concern you? How is that explained in the notes to the financial statements? Consider the reasonableness of your answer.

Current assets:
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Inventories
Vendor non-trade receivables
Other current assets
Total current assets
Non-current assets:
Marketable securities
Property, plant and equipment, net
Other non-current assets
Total non-current assets
Total assets
Current liabilities:
Accounts payable
Other current liabilities
Deferred revenue
Commercial paper
Term debt
Total current liabilities
Non-current liabilities:
Term debt
Other non-current liabilities
Apple Inc.
CONSOLIDATED BALANCE SHEETS
(In millions, except number of shares which are reflected in thousands and par value)
Total non-current liabilities
Total liabilities
Accumulated other comprehensive income/(loss)
Total shareholders' equity
ASSETS:
Commitments and contingencies
Shareholders' equity.
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,426,786
and 16,976,763 shares issued and outstanding, respectively
Retained earnings
Total liabilities and shareholders' equity
LIABILITIES AND SHAREHOLDERS' EQUITY:
$
$
$
$
September 25,
2021
34,940 $
27,699
26,278
6,580
25,228
14,111
134,836
127,877
39,440
48,849
216,166
351,002 $
54,763 $
47,493
7,612
6,000
9,613
125,481
109,106
53,325
162,431
287,912
57,365
5,562
163
63,090
351,002 $
September 26,
2020
38,016
52,927
16,120
4,061
21,325
11,264
143,713
100,887
36,766
42,522
180,175
323,888
42,296
42,684
6,643
4,996
8,773
105,392
98,667
54,490
153,157
258,549
50,779
14,966
(406)
65,339
323,888

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Expert Solution

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

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.

Similar questions