Cash and Cash Equivalents: Cash is the category that includes currency, coins, and deposits in bank accounts. Cash Equivalent is the category which includes short term and highly liquid assets which are readily convertible into cash. Liquidity is the term used for company’s ability of payoff its liabilities. To Calculate: The Cash and Cash Equivalents and short term investments as % of total assets at the end of the fiscal year 2015 and 2016 for Microsoft.

Question

Identifying Key Numbers from Financial Statements Access Apple Inc.'s 10-K provided on SEC's EDGAR database for financial reports (www.sec.gov). Click link to access a copy of Apple's 2020 10-K: View Apple's 201 What are Apple's dollar amounts for assets, liabilities, and equity at September 26, 2020? Confirm that the accounting equation holds in this case. $ Assets 365,725 x Liabilities + $ 258,578 * $ Equity 107,147 x Round to one decimal place (i.e. 34.5%) What percent of Apple's assets is financed from creditor financing sources? 70.7 X %

Answer 1

Question

Chapter 4, Problem 68.1C

To determine

Concept Introduction:

Cash and Cash Equivalents:

Cash is the category that includes currency, coins, and deposits in bank accounts. Cash Equivalent is the category which includes short term and highly liquid assets which are readily convertible into cash. Liquidity is the term used for company’s ability of payoff its liabilities.

To Calculate:

The Cash and Cash Equivalents and short term investments as % of total assets at the end of the fiscal year 2015 and 2016 for Microsoft.

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Identifying Key Numbers from Financial Statements Access Apple Inc.'s 10-K provided on SEC's EDGAR database for financial reports (www.sec.gov). Click link to access a copy of Apple's 2020 10-K: View Apple's 201 What are Apple's dollar amounts for assets, liabilities, and equity at September 26, 2020? Confirm that the accounting equation holds in this case. $ Assets 365,725 x Liabilities + $ 258,578 * $ Equity 107,147 x Round to one decimal place (i.e. 34.5%) What percent of Apple's assets is financed from creditor financing sources? 70.7 X %

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Integrative ExerciseIntegrating Accounting for Liabilities and Equity Obtain Apple's 2016 10-K (filed October 26, 2016) either through the "Investor Relations" portion of its website (do a web search for "Apple Investor Relations") or go to www.sec.gov and click "Company Filings Search" under "Filings." Required: Using Apple's 10-K, answer the following questions (Hint: It may be easier to use the Word or PDF file and use the search feature within the program): 1. Calculate Apple's current, quick, and cash ratios for 2015 and 2016. The industry averages for these ratios for 2016 were 1.72, 1.41, and 0.77, respectively. Round your answers to two decimal places. 2016 2015 Current Ratio fill in the blank 1 fill in the blank 2 Quick Ratio fill in the blank 3 fill in the blank 4 Cash Ratio fill in the blank 5 fill in the blank 6 Comment on Apple's short-term liquidity. For 2016, Apple ____?______ the industry average for the cash but is below the industry average for the…