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If you check your link's "Balance Sheet" tab, you'll see inventory listed under Assets as "Total Inventory". It would most certainly not be listed as Cash & Equ
by shaggyfrog 15y ago
If you check your link's "Balance Sheet" tab, you'll see inventory listed under Assets as "Total Inventory". It would most certainly not be listed as Cash & Equivalents.
- dirtyaura 15y agoYeah, I was curious because it doesn't sound likely that shipped-but-not-sold phones would be listed under Cash & Equivalents (which is ~ $2B). But if his math about value of shipped phones ($3B) is approximately correct, then it doesn't fit under Total Inventory (<$1B) either, so it must be under Receivables (~3-4B), right?
- shaggyfrog 15y agoNo. A receivable is money owed to the company (compare to accounts payable, money the company owes to someone else).