
Requirement-1:
To Compute:
The net cost of goods purchased of Apple for the year ended September 28th, 2013.
Requirement-2.a:
To compute:
The
Computation of Current Ratio:
Particulars | September 28th2013 ($) | September 28th2012 ($) |
Current Assets: | ||
Cash and cash equivalents | 14,259 | 10,746 |
Short-term marketable securities | 26,287 | 18,383 |
13,102 | 10,930 | |
Inventories | 1,764 | 791 |
3,453 | 2,583 | |
Vendor non-trade receivables | 7,539 | 7,762 |
Other currents assets | 6,882 | 6,458 |
Total Current Assets | 73,286 | 57,653 |
Current Liabilities: | ||
Accounts payable | 22,367 | 21,175 |
Accrued expenses | 13,856 | 11,414 |
Deferred revenue | 7,435 | 5,953 |
Total Current Liabilities | 43,658 | 38,542 |
Current Ratio | ($73,286/$43,658)1.67 | ($57,653/$38,542)1.49 |
To compute:
The acid-test ratio of Apple for the year ended September 28th, 2013 and September 29th, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.
To Compute:
The current ratio of Apple for fiscal ending after September 28th,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.
To compute:
The acid-test ratio of Apple for fiscal ending after September 28th, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.

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Chapter 5 Solutions
Connect 2-Semester Access Card for Fundamental Accounting Principles
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- Can you solve this general accounting question with accurate accounting calculations?arrow_forwardI am searching for the accurate solution to this financial accounting problem with the right approach.arrow_forwardCan you solve this general accounting problem with appropriate steps and explanations?arrow_forward
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