The annual report ofApple Inc. is presented. Instructions for accessing and using the company”s complete annual report, including the notes to the financial statements, are also provided.
(a)Determine the percentage increase for (1) short-term marketable securities from 2010 to 2011, and (2) long-term marketable securities from 2010 to 2011.
(b)Using Apple”s consolidated statement of cash flows, determine:
(1)Purchases of marketable securities during the current year.
(2)How much was spent for business acquisitions, net of cash acquired during the current year.