1. Using the Apple, Google, and Samsung financial statements in Ap- pendix A of our textbook (Wild, 10th edition, Financial Accounting), answer the following: Apple: a. Compute the current ratio as of 9/29/18 and 9/30/17: k. Assume the industry average is 35%, does Apple outperform or underperform when compared to the industry average? 1. Assume the industry average is 35%, does Google outperform or underperform when compared to the industry average? u. Does Samsung use the single-step or multiple-step income statement format? End of document b. Compute the acid-test ratio as of 9/29/18 and 9/30/17: c. Note: do not include vendor non-trade receivables in quick as- sets. m. Is the change from 2017 to 2018 in the gross margin favorable or unfavorable for Apple? d. Assume the industry average is 1.5. Does Apple's 2018 current ratio outperform or underperform when compared to the indus- try average? n. Is the change from 2017 to 2018 in the gross margin favorable or unfavorable for Google? e. Assume the industry average is 1.0. Does Apple's 2018 acid- test ratio outperform or underperform when compared to the industry average? Apple and Google: Compute the following: 1. Apple - 9/29/18 g. Apple-9/30/17 h. Google 12/31/18 1. Google-12/31/17 Gross Margin Gross Margin Ratio Samsung: Gross Margin Gross Margin Ratio o. Samsung-12/31/18 p. Samsung-12/31/17 q. Is Samsung's gross margin ratio better or worse than Apple? r. Is Samsung's gross margin ratio better or worse than Google? j. Which company earns more in gross margin for each dollar of net sales for the fiscal year ended in 2018? Apple, Google, and Samsung: s. Does Apple use the single-step or multiple-step income state- ment format? t. X Does Google use the single-step or multiple-step income statement format?