FINANCIAL ANALYSIS FOR APPLE INC

FINANCIAL ANALYSIS FOR APPLE INC Financial Statement Analysis Course and my part is that : to analyze the balance sheet of apple inc. from their 10-K for the last two years by doing analysis to these points: 1. analysis of the account receivables and the allowance accounts. 2. a description of the types of the liabilities that company is incurred ( specify which liabilities are the most significant to the company ) 3. a summary that includes the most important points that in your assessment of the balance sheet. September 27, 2014               September 28, 2013 ASSETS: Current assets: Cash and cash equivalents          $    13,844                $    14,259 Short-term marketable securities               11,233                     26,287 Accounts receivable, less allowances of $86 and $99, respectively               17,460                     13,102 Inventories               2,111                     1,764 Deferred tax assets               4,318                     3,453 Vendor non-trade receivables               9,759                     7,539 Other current assets               9,806                     6,882 Total current assets               68,531                     73,286 Long-term marketable securities               130,162                     106,215 Property, plant and equipment, net               20,624                     16,597 Goodwill               4,616                     1,577 Acquired intangible assets, net               4,142                     4,179 Other assets               3,764                     5,146 Total assets          $        231,839                $        207,000 LIABILITIES AND SHAREHOLDERS’ EQUITY: Current liabilities: Accounts payable          $    30,196                $    22,367 Accrued expenses               18,453                     13,856 Deferred revenue               8,491                     7,435 Commercial paper               6,308                     0 Total current liabilities               63,448                     43,658 Deferred revenue – non-current               3,031                     2,625 Long-term debt               28,987                     16,960 Other non-current liabilities               24,826                     20,208 Total liabilities               120,292                     83,451 Commitments and contingencies Shareholders’ equity: Common stock and additional paid-in capital, $0.00001 par value; 12,600,000 shares authorized; 5,866,161 and 6,294,494 shares issued and outstanding, respectively               23,313                     19,764 Retained earnings               87,152                     104,256 Accumulated other comprehensive income/(loss)               1,082                     (471    ) Total shareholders’ equity               111,547                     123,549 Total liabilities and shareholders’ equity          $    231,839                $    207,000 .