Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the following financials are presented for apple,

The following financials are presented for Apple, Inc. for the years 2017 and 2018. (All values...

90.2K

Verified Solution

Question

Finance

The following financials are presentedfor Apple, Inc. for the years 2017 and 2018. (All values in USDmillion)

2018

2017

Cash and cash equivalents

25,913

20,289

Marketable securities

40,388

53,892

Accounts receivable, net

23,186

17,874

Inventories

3,956

4,855

Other current assets

37,896

31,735

Total current assets

1,31,339

1,28,645

Total non-current assets

2,34,386

2,46,674

Total Assets

$3,65,725

$3,75,319

Current liabilities:

Accounts payable

$55,888

$44,242

Other current liabilities

60,978

56,572

Total current liabilities

$1,16,866

$1,00,814

Total non-current liabilities

1,41,712

1,40,458

Total liabilities

2,58,578

2,41,272

Common Stock

40,201

35,867

Retained Earnings

66,946

98,180

Total shareholders' equity

1,07,147

1,34,047

Total liabilities and shareholders' equity

3,65,725

3,75,319

Net Sales

2,65,595

2,29,234

Cost of Sales

1,63,766

1,41,048

Required:

  1. Determine the operating Cycle and Cash Cycle for the year2018.
  2. Based on the operating cycle and cash cycle determined above,comment on the liquidity position of Apple, Inc.

Answer & Explanation Solved by verified expert
3.7 Ratings (535 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In 2011-2015, mutual fund manager, Diana Sauros produced the following percentage rates of return for the...

Finance
Q

Training professionals continue to debate whether the ISD model is flawed. Do you believe that ISD...

Psychology
Q

The sides of a rhombus have length 19 m. The longer diagonal has length 37...

Basic Math
Q

Convert the equation f(t) = 186(1.12)^t to the form f(t)=ae^kta=k=Give values accurate to three decimal...

Basic Math
Q

Find 12x 5 dx 12x 5 dx Type an exact answer

Calculus
Q

2 Find the first 4 terms and the eighth term of the recursively defined sequence...

Calculus
Q

a 2 b 4 c 4 Let B a b 1 c 3 b c...

Algebra
Q

Question 2: (9 Marks3 Marks each level with example) Analyze the...

Accounting
Q

oblems 7 2 33 Ints eBook Hint Print References Mc Graw Hill The following selected...

Accounting
Q

Presented below is information related to Cullumber Company, owned by D. Flamont, for the month...

Accounting
Q

Question 2 A small business, Petal White wants to estimate its monthly utility costs...

Accounting
Q

PLEASE ANSWER WITH FORMULAS IN THE CELLS! Thank you! Download the Applying Excel...

Accounting