## Financial Reporting Problem II – Part 1

Provide an 875-word analysis. All questions have been answered just need it written in an essay.

APA format.

(a) What was the amount of net cash provided by operating activities for the year ended September 27, 2014? For the year ended September 28, 2013?

The amount of net cash provided by operating activities for the year ended September 27, 2014 was \$59,713 million and for the year ended September 28, 2013 was \$53,656.

(b) What was the amount of increase or decrease in cash and cash equivalents for the year ended September 27, 2014?

The amount of decrease in cash and cash equivalents for 2014 is given by -\$415 million which is a decrease compared to the beginning.

(c) Which method of computing net cash provided by operating activities does Apple use?

The method of producing net cash provided by operating activities that Apple Inc. uses is the indirect method

(d) From your analysis of the September 27, 2014, statement of cash flows, was the change in accounts receivable a decrease or an increase? Was the change in inventories a decrease or an increase? Was the change in accounts payable a decrease or an increase?

From my analysis of the September 27, 2014 statement of cash flows, the change in accounts receivable was an increase by \$4,358 million. The change in inventories was an increase by \$76 million. Change in accounts payable was an increase by \$5,938 million.

(e) What was the net cash used by investing activities for the year ended September 27, 2014?

The net cash used by investing activities for the year ended September 27, 2014 is \$22,579.

(f) What was the amount of interest paid in the year ended September 27, 2014?

The amount is \$339.

What was the amount of income taxes paid for the same period?

The amount is \$10,026.