Financial Statements Analysis
Using the Annual Report of Apple company answer the following questions in the Discussion:
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- What balance sheet format does your company use?
- What is the company’s largest current asset and largest current liability at year end?
- Compute the current ratio at year end.
- Did the current ratio improve, worsen, or hold steady?
The company is Apple and the link is
http://investor.apple.com/secfiling.cfm?filingid=1628280-16-20309&cik=320193#A201610-K9242016_HTM_S6D9F6383DC8154C6A9550261722A985C
Must be able to respond to 2 peer reviews with 2-3 sentences.
You may use a service such as Yahoo Finance (Links to an external site.)to help research industry averages. The notes to the financial statements will also be of use in answering the discussion questions. For many of the ratios in the discussion, you will need 2-3 years’ worth of financial data.