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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

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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Common sized balance sheets the following end of the year balance sheets in millions were adapted
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
Transcribed Image Text: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
Transcribed Image Text: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
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