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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.

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.

Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter4: Balance Sheet: Presenting And Analyzing Resources And Financing
Section: Chapter Questions
Problem 14E
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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
Transcribed Image Text: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
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