What were the total current assets?

Using the SEC 10-K for APPLE inc. answer the questions below:

https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019322000108/aapl-20220924.htm

• What were the total current assets?
• What were the total current liabilities?
• What were total assets and total stockholders’ equity (deficit)?
• Calculate working capital (current assets current liabilities = working capital) and describe how it changed from last year.
• Does the company have treasury stock increase or decrease in value? Remember that the normal balance for treasury stock is a negative value (debit balance).
• What are the values for other comprehensive net income (or net loss), accumulated deficit, and retained earnings? How are these values changing?

What were the total current assets?

Introduction

Current assets are the most important part of your balance sheet. They include things like cash, accounts receivable and inventory. If you want to know what will impact your financial condition negatively, these are the items that should be considered first.

You could also refer to it as current assets or current assets.

Current assets are things you can use to pay bills and fund operations. They include cash, accounts receivable (which means money owed to you by customers), inventory and prepaid expenses.

You can also refer to current assets as liquid or liquidated assets because these are the items that will be converted into cash quickly when needed.

Current assets include cash and cash equivalents, accounts receivable, inventory, prepaid expenses and other current assets.

In general, current assets are those that can be turned into cash quickly. Examples include cash and cash equivalents, accounts receivable and inventory.

The total of the current portion of your long-term debt

Current portion of long-term debt is defined as the portion that will be paid within one year. This includes both interest payments and principal payments on your existing debts.

• The current portion of long-term debt can be calculated by adding together all amounts due after one year, as follows:
• Current interest expense = gross profit minus fixed charges – taxes;
• Current income tax expense = (total income – adjustments) – depreciation;

The total of the current portion of your short-term debt

The total of your short-term debt is what you owe right now. This includes all loans with an original maturity date within one year.

For example, if you have $10,000 in loans that will mature in less than 12 months and they are all secured by real estate properties, then the relevant portion of your total current assets would be: (1) $10,000 x 10% = $1000; and (2) $0 – $9000 = -$2000

The total of your fixed assets

The total of your fixed assets is the sum of all of your tangible assets. These include things like land, buildings and vehicles.

Fixed assets are an important part of a company’s balance sheet because they provide value over time as they are depreciated (see below).

These are the things that are most likely to have a negative impact on your balance sheet.

Current assets are the things that you need to keep your business running, and they are also the most liquid. If you have any current assets left over after covering current liabilities and paying off debts, then those can be sold quickly if necessary.

Current assets include:

• Cash on hand (also known as “working capital”) – this is money that’s in your bank account or other source of funds at least one month old (meaning it’s not tied up in long-term loans). For example, if you’re having trouble selling some items on eBay because buyers aren’t interested in buying them right now, this could be considered a current asset because it would allow you to pay off those unpaid invoices without having to use more of your own personal savings or credit cards–and thus giving yourself more time before using up all remaining resources!

Conclusion

We hope this post helped you understand the difference between total current assets and other financial statements.