Level 3
Level 3 inputs are unobservable inputs for the asset or liability. Since it is a small private co.., its fair value can't be derived from observable inputs and thus, it is a Level 3 fair value measure
Practice - Ch 5: Balance sheet ana blalement i Castriow> Q5.32: Bauer Securities decided to purchase...
Required: 1. What is the amount of Apple’s accounts receivable as of September 30, 2017? 2. Compute Apple’s accounts receivable turnover as of September 30, 2017. 3. How long does it take, on average, for the company to collect receivables for fiscal year ended September 30, 2017? 4. Apple’s most liquid assets include (a) cash and cash equivalents, (b) short-term marketable securities, (c) accounts receivable, and (d) inventory. Compute the percentage that these liquid assets (in total) make up of...