The 2017 cash flow statement for Apple Inc. is presented below (all $ amounts in millions):

REQUIRED:

a. Did Apple's accounts receivable go up or down in 2017? Apple reported net sales of $229,234 in its fiscal 2017 income statement. What amount of cash did Apple collect from customers during the year? ( Ignore the Vendor nontrade receivables account, which relates to Apple's suppliers.)

b. Apple's cost of goods sold was $141,048 million in 2017. Assuming that accounts payable applies only to the purchase of inventory, what amount did Apple pay to purchase inventory in 2017?

c. At September 30, 2017, Apple reported a balance of $33.8 billion in property, plant, and equipment, net of accumulated depreciation, and its footnotes revealed that depreciation expense on property, plant, and equipment was $8.2 billion for fiscal 2017. What was the balance in property, plant, and equipment, net of accumulated depreciation at the end of fiscal 2016?

d. Apple lists stock-based compensation as a positive amount-$4,840 million-under cash flow from operating activities. Why is this amount listed here? Explain how this amount increases cash flow from operating activities.

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APPLE INC. Consolidated Statement of Cash Flows Year Ended September 30, 2017 $ 20,484 Cash and cash equivalents, beginning of the year.. Operating activities Net income.... Adjustments to reconcile net income to cash generated by operating activities: Depreciation, and amortization. Share-based compensation expense. Deferred income tax expense... Changes in operating assets and liabilities: Accounts receivable, net... .... 48,351 10,157 4,840 5,966 (166) ... .... (2,093) (2,723) (4,254) (5,318) 9,618 (626) (154) Inventories... Vendor nontrade receivables Other current and noncurrent assets. Accounts payable... Deterred reverue Other current and noncurrent liabilities. Cash generated by operating activities . 63,598 Investing activities Purchases of marketable securities. (159,486) 31,775 Proceeds from maturities of marketable securities. Proceeds from sales of marketable securities .. 94,564 Payments made in connection with business acquisitions, net Payments for acquisition of property, plant and equipment Payments for acquisitions of intangible assets.. Payments for strategic investments, net.. (329) (12,451) (344) (395) 220 Other. .. Cash used in investing activities... (46,446)