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EXAMINING A FIRM'S WORKING CAPITAL FINANCING STRATEGY - Apple Inc

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Question;1. Explain if Apple Inc has too much, too little, or just the right;amount of working capital? How did you make this determination?;2. Does Apple Inc need to shorten its cash;conversion cycle and how do you know that (calculate the cash conversion cycle;using the attached model)?;3. What working capital financing strategy is used;by Apple Inc? What actualfinancial data support the conclusion? Make sure that you complete the;analysis using the attached Excel model that examines a firm?s working capital;financing strategy.;EXAMINING A FIRM'S WORKING;CAPITAL FINANCING STRATEGY;Working Capital;Cash;MarketableSecurities;Accounts Recevable;Inventories;Other Current Assets;Other Current Assets;Total Working;Capital;Short-term Financing;$16,182.0 TradeCredit (Accounts Payable);Notes Payable;$4,369.0 Short-term;debt;$6,405.0 Other;short-term financing;$3,093.0;$470.0;$12,576.0;$1,075.0;$4,021.0;$0.0;$21,235.0;$26,956.0 Total;Short Term Financing;Long-term Assets;Fixed Assets;$88,642.0;Other Long-term;Assets $115,345.0;Total Long-term;Assets $203,987.0;Long-term Financing;$47,618.0 Long-term;Debt;$117,491.0 Other;Long-term Financing;$165,109.0 Total;Long-term Financing.;Total Assets;$225,222.0;$192,065.0 Total;Liabilities;$33,157.0;Shareholders' Equity;$225,222.0 Total;Liabilities & Shareholders' Equity;Company Verizon;Source of Data;http://finance.yahoo.com/q/bs?s=VZ+Balance+Sheet&annual;Refer to Page 636;of Brigham & Ehrhardt,Fiancial Management, to see how to examine the strategy.

 

Paper#48953 | Written in 18-Jul-2015

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