Refer to the financial statements of Apple Inc. for the year ended September 28,
ID: 2424219 • Letter: R
Question
Refer to the financial statements of Apple Inc. for the year ended September 28, 2013, presented at http://investor.apple.com to answer the following questions.
A) What was the amount of net cash provided by operating activities for the year ended September 28, 2013? For the year ended September 29, 2012?
B) What was the amount of increase or decrease in cash and cash equivalents for the year ended september 28, 2013? for the year ended september 29, 2012?
C) Which method of computing net cash provided by operating activities does apple use?
D) From your analysis of the 2013 statement of cash flows, did the change in accounts and notes receivable require or provide cash? Did the change in inventories require or provide cash? Did the change in accounts payable and other current liabilities requre or provide cash?
E) What was the net outflow of inflow of cash from investing activities for the year ended September 28, 2013?
F) What was the amount of income taxes paid in the year ended September 28, 2013?
Explanation / Answer
Answer:A) 53666
Answer:B) 3513
Answer:C) Indirect Method
Answer:D) Change in Account Receivable require the cash and change in notes receivable provide the cash.Change in inventory require the cash. Change in accounts Payable Provide the cash and other current liabilityalso provide the cash.
Answer:E) Net Outflow of investing activities= -33774
Answer:F) 9128