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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Problem 7. Assume that a subset S of polynomials with real coefficients has a property: If polynomials...

Biology
1.2K views

26. How is the action of ACh different in cardiac cells than it is in skeletal...

Biology
1.2K views

Consider a locus with two alleles - B and b. B is dominant, while b is...

General Management
1.2K views

Discuss two factors that the influence the changes in the public policy concepts. And what is...

Basic Math
1.2K views

Length 1 foot 12 inches 1 yard 3 feet 36 inches 1 mile 5280 feet...

Basic Math
1.2K views

Patricia receives a gross pay of $1,850 bi-weekly from his employer. If his employerchanged his...

Calculus
1.2K views

0 13 Points DETAILS Find the limit If the limit is infinite enter co or...

Algebra
1.2K views

in with 5 Compo unded monthly How much will you have in 2 10 years...

Accounting
1.2K views

Adams, Inc., acquires Clay Corporation on January 1, 2017, in exchange for $663,000 cash. Immediately...

Accounting
1.2K views

Exercise 9-20 Sheridan Company purchased a new machine on October 1, 2017, at a cost...

Accounting
1.2K views

Discuss one system- oriented theory mentioned in the article and explain how it has been...

Accounting
1.2K views

Interpret the changes in these risk ratios during the three-year period, indicating any areas of...