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Strategic Balance Sheet of Apple-2019 Operating Assets $m Cash(5% of Sales) 13008 A/R 22926 Inv....

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Accounting

Strategic Balance Sheet of Apple-2019

Operating Assets $m

Cash(5% of Sales) 13008

A/R 22926

Inv. 4106

Other CA 12352

PPE 37378

Other non-CA 32978

OA 122748

Operating liabilities A/P 46,236

Deferred rev. 5,522

Other current lia. 37,720

Other non-current lia. 50,503

OL 139,981

NOA -17,233

Financial Assets Cash equivalents 35836

ST marketable securities 51713

Vendor non-trade receivables 22878

LT marketable securities 105341

FA 215768

Financial liabilities Commercial paper 5980

LT Debt 10260 91807

FL 108047

NFA 107721

SE 90488

Strategic Balance Sheet reveals the strategy layout of the business. It shows Apple has far more financial assets than operating assets, so Apple is investment-oriented.

Please answer the following questions based on Apples Annual Report of 2020:

  1. Please calculate:
    1. Operating assets and financial assets
    2. Operating liabilities and financial liabilities
    3. Net operating assets and net financial assets
  2. Whats the nature of Apple? Operating-oriented or investing-oriented ?
  3. Prepare strategic Balance Sheet of Apple of 2020.

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