1. Assume that the amounts reported for inventories and cost of sales reflect items purchased in a form ready for resale. Compute the net cost of goods purchased for the year ended September 28, 2019. 2. Compute the current ratio and acid-test ratio as of September 28, 2019, and September 29, 2018. 3. Does Apples 2019 current ratio outperform or underperform the (assumed) industry average of 1.5? 4. Does Apples 2019 acid-test ratio outperform or underperform the (assumed) industry average of 1.0?

Annle Ine. Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS Sex accompanying Notes to Cotsoliduled Fiancial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Aonle Ine. Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millices) Vears ended 5September28,2019 Chperating activities Sec accoetpanying Notes wo Coensolidated Financial Statements