Question

What is the biggest type of asset Apple had as of September 24th, 2016? A. Cash...

What is the biggest type of asset Apple had as of September 24th, 2016?

A. Cash and cash equivalents

B. Inventories

C. Property, plant and equipment (=tangible long-term assets)

D. All intangible assets including Goodwill

E. Long-term marketable securities

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Answer #1

The biggest type of asset held by apple as on September 24, 2016:

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Answer: E. Long-term marketable securities

Explanations:

In form 10K filed by apple for the fiscal year ending as on September 24, 2016, Apple has reported total assets of $321,686 million. Out of these total assets, the biggest component of the assets was long-term marketable securities with value of $170,430 million. This accounts for almost 53% of total assets.

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