1- Analyze the major changes in Assets below? - Cash and Marketable Securities - Accounts Receivable - Property and Equipment 2- Analyze the major changes in Liabilities below? - Accounts Payable - Current Maturities of Debt 3- Analyze the major changes in Equity below? - Retained earnings

APPLE INC. CONDENSED CONSOLIDATED BALANCE SHEETS ($ in Millions) AS OF September 30, September 30, 2018 2017 VARIANCES $ $ $ 25,913 40,388 3,956 48,995 12,087 131,339 20,289 53,892 4,855 35,673 13,936 128,645 5,624 (13,504) (899) 13,322 -1,849 2,694 27.7% -25.1% -18.5% 37.3% -13.3% 2.1% 41,304 170,799 22,283 S 365,725 33,783 194,714 18,177 $ 375,319 7,521 (23,915) 4,106 (9,594) 22.3% -12.3% 22.6% -2.6% ASSETS 9 Current Assets: 10 Cash and Equivalents 11 Marketable securities 12 Inventories 13 Accounts Receivable and Other 14 Other Current Assets 15 Total Current Assets 16 17 Net Property and Equipment 18 Marketable securities 19 Other Assets 20 Total Assets 21 22 LIABILITIES AND EQUITY 23 Current Liabilities: 24 Accounts Payable 25 Current Portion of Long Term Debt 26 Deferred revenue 27 Commercial paper 28 Other Current Liabilities 29 Total Current Liabilities 30 31 Deferred revenue 32 Long-Term Debt 33 Other non current liabilities 34 Total Liabilities 35 36 Stockholders' Equity: 37 Common Stock 38 Retained Earnings 39 Acccum. Other Comprehensive Loss 40 Total Stockholders' Equity 41 Total Liabilities and Equity $ $ $ 55,888 8,784 7,543 11,964 32,687 116,866 44,242 6,496 7,548 11,977 30,551 100,814 11,646 2,288 (5.00) (13.00) 2,136 16,052 26.3% 35.2% -0.1% -0.1% 7.0% 15.9% 2,797 93,735 45,180 258,578 2,836 97,207 40,415 241,272 (39) (3,472) 4,765 17,306 -1.4% -3.6% 11.8% 7.2% 40,201 70,400 (3,454) $ 107,147 $365,725 35,867 98,330 (150) $ 134,047 $375,319 4,334 (27,930) (3,304) $ 26,900) $9,594 12.1% -28.4% 2202.7% -20.1% -2.6% 42