From Apple Inc’s balance sheet in Figure 2.2, an investor knows that A

QUESTION

From Apple Inc’s balance sheet in Figure 2.2, an investor knows that Apple is financing its business from the sale of stock and retained earnings because its long-term debt is ______.

a. $0
b. over $39 billion
c. about $4 billion
d. about $19 billion

 

ANSWER

a

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