Question

1. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 29, 2018, and (b) September 30, 2017. 2. Compute cash and cash equivalents as a percent of total current

Answer 1

1.

(a) September 29, 2018: $25,913 million

(b) September 30, 2017: $20,289 million

Cash and cash equivalents as a percent of total current: Calculation: (Cash and cash equivalents / Total current assets) * 100

Step-by-step explanation:

1.

(a) The total amount of cash and cash equivalents for the fiscal year ended September 29, 2018, was $25,913 million.

(b) For the fiscal year ended September 30, 2017, the total amount of cash and cash equivalents was $20,289 million.

These figures represent the cumulative cash and cash equivalents held by the company at the conclusion of each fiscal year.

To compute cash and cash equivalents as a percent of total current assets:

Use the formula: (Cash and cash equivalents / Total current assets) * 100.

Replace "Cash and cash equivalents" with the specific amounts for each fiscal year.

To find the total current assets for each year, refer to the financial statements or records for those periods.

Calculate this formula separately for each fiscal year to determine the respective percentages.

This computation allows an assessment of the proportion of cash and easily convertible assets concerning the total current assets, providing insight into the company's liquidity strength over the specified periods. A higher percentage typically indicates better liquidity, as it implies a larger portion of assets is in liquid form, facilitating meeting short-term obligations.

Answer 2

Without specific figures for cash and cash equivalents from the provided data, we can't compute the exact amounts for the fiscal years 2018 and 2017, nor can we compute cash and cash equivalents as a percent of total current assets. M1 and M2 are monetary aggregates used to define the liquidity of money where M1 includes more liquid assets.

Step-by-step explanation:

To identify the total amount of cash and cash equivalents for the fiscal years ended September 29, 2018, and September 30, 2017, we must first interpret the provided information regarding the company's assets and liabilities. Using the given data, the cash and cash equivalents can be deduced if we consider that assets generally include cash and equivalents as part of their total.

However, the provided information: Assets - reserves 30, bonds 50, and loans 50; Liabilities - deposits 300 and equity 30, does not explicitly mention cash and cash equivalents. Normally, cash and equivalents are part of a company's reserves, but without specific figures for cash and equivalents from the given data, we can't compute exact amounts for fiscal years 2018 and 2017.

To compute cash and cash equivalents as a percent of total current assets, we would divide the amount of cash and cash equivalents by the total current assets and multiply by 100. This calculation allows a company to assess liquidity. Common equations used in this context are M1 and M2. M1 represents more liquid forms of money, such as cash and coins in circulation, checkable bank deposits, and traveler's checks, while M2 includes M1 plus savings accounts, small time deposits, and money market mutual funds.