Review the 2023 Annual Report (Form 10-K) for Apple, Inc. (financial statements begin on page 30 of the PDF) and respond to the questions / requirements below.
Apple lists their property, plant, and equipment (PP&E) in Note 5 (on page 42 of the PDF). Do the assets that Apple owns, and the relative balances reported for the assets, make sense for their business? Thinking about your current or former job, what specific PP&E assets do you think your employer has based on their business (explain why)? What specific PP&E assets of your employer do you use in performing your job?
Review Apple’s listing of current liabilities on their Consolidated Balance Sheets (on page 33 of the PDF). Do the current liabilities reported make sense for their business? Thinking about your current or former job, in comparison to Apple, what specific current liabilities would you expect your employer to have based on their business (explain why)?
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