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EDGAR is the online public database for the Securities Exchange Commission. You can use this database...

EDGAR is the online public database for the Securities Exchange Commission. You can use this database to look up the financial statements for all publicly traded companies. A company’s annual financial statements will be listed as its “10-K” filing. Use the following link and search for a company you are familiar with.

Based on the most recent annual financial statements please answer the following:

  • What is the amount of sales/revenue that the company has reported. Which financial statement did you find this on?
  • What is the companies cash on hand at the end of the year, and which financial statement did you find this on?
  • Calculate the current ratio for the company.
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Answer #1

I am doing research for Apple INC.

The amount of Net Sale reported by Apple INC. in the Year 2017 is $ 229,234 Million

The cash and Cash equivalent of company amounted to $ 268,895 Millions in the Year 2017

Also the current ration of the company is

Current asset - $ 375,319 Million

Current Liability - 241,272 Million

Therefore Current ration is Current asset/Current Liability which is equal to 1.56

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