Based on Apple Inc. 10-k for the year of 2017, answer the following Balance Shee

Question

Based on Apple Inc. 10-k for the year of 2017, answer the following

Balance Sheet:

      1.    What is working capital?

      2.    Determine the categories of plant assets. (hint: refer to the footnotes)

3.    Are there any unpaid or deferred income tax liabilities?

4.    How many classes of capital stock are shown?

5.    How many classes have been issued?

6.   Does the stock(s) sell at or above par or stated value?

7.    What percent of total assets is provided by stockholders’ equity?

8.   What percent of stockholders’ equity is represented by retained earnings?

9.   Are there any items in stockholder’s equity other than paid-in capital and retained earnings?

      10.   Are there any unusual items?

downloads/AAPL/5378826958x0x962680/D18FAEFF-460A-4168-993D-A60CBA8ED209/ 10-K 2017 As-Filedpdf Based On Apple In c. 10-k For The Year Of 20 Apple- Annual September 30,September 24 2017 2016 ASSETS: Current assets: Cash and cash equivalents Short-term marketable securitles Accounts receivable, less allowances of $58 and $53, respectively 20,289 $ 53,892 S 20,484 46,671 15,754 2,1 13,545 Vendor non-trade receivables Other current assets 17,799 Total current assets 128,645 106,869 Long-term marketable securities Property, plant and equipment Acquired intangible assets, net 194,71 170,430 27,010 414 3.206 8,757 375,319 S321,686 33,783 2,298 10,162 Other non-current assets Total assets LIABILITIES AND SHAREHOLDERS' EQU Current liabilities: payable Accrued expenses 9,049 25,744 7,548 11,977 2,027 Commercial paper 105 ent portion of long-term d Total current liabilities 100,814 79,006 Deferred revenue, non-current Long-term debt Other non-current liabilities 836 97,207 40,415 2,930 75,427 36,07 Total liabilities 193,437 Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,126,201 and 5,336, 166 shares issued and outstanding, respectively Retained earnings 35,867 31,251 Accumulated other comprehensive income/(loss) 98,33096,364 (150) 134,047 375,319 $ 634 128.249 321,686 Total shareholders equity Total liabilities and shareholders' equity

Explanation / Answer

1) Working capital is the capital of a business which is used in its day to day activities

Formula:Current Assets- Current Liabilities

So from Above Balance sheet we can see :

2)Categories of Plant Assets

3)As of September 30, 2017 , the Company had deferred tax assets arising from deductible temporary differences, tax losses and tax credits of $3.9 billion and deferred tax liabilities of $31.5 billion

4,5)Only Common stock has been authorised and issued By Apple Inc.

September 30,2017 Current Assets $128,645 Less :Current Liabilities $100,814 Working Capital $27,831

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