Individual: Financial Reporting Problem, Part 1
University of Phoenix

Individual: Financial Reporting Problem, Part 1
According to Forbes.com, they may not currently be the leading publicly traded company in the world, but Apple Inc. has definitely established themselves as the current leading publicly traded company brands in the world (Forbes.com, 2013). As of September 28th, 2013, Apple Inc. has reported $207,000,000 in total assets. This number is important because it displays how much the business owns and what it is currently worth. When comparing the total assets to the end of the previous annual reporting period of September 29th, 2012, Apple Inc. had reported $176,064,000. That was an increase of $30,936,000. The total amount of cash and cash equivalents that Apple Inc. had at the end of its most recent annual reporting period of September 28th, 2013 was $14,259,000. The total amount of accounts payable that Apple Inc. had at the end of its most recent annual reporting period of September 28th, 2013 was $22,367,000. The total amount of accounts payable that Apple Inc. had at the end of the previous annual reporting of September 29th, 2012 was $21,175,000. That was an increase of $1,192,000. Apple Inc.’s net revenues for the last three annual reporting periods were significantly different. On the most recent reporting period of September 28th, 2013, Apple Inc.’s net revenue was $170,910,000. The annual reporting period before September 28th, 2013, on September 29th, 2012, the net revenue was $156,508,000. The annual reporting period before September 29th, 2012, on September 24th, 2011, the net revenue was $108,249,000. The change in dollars in Apple Inc.’s net income from its most recent annual reporting period September 28th, 2013 to the previous annual reporting period of September 29th, 2012 was $14,402,000. Although it is impressive to