17. Using the Apple, Google, and Samsung financial statements in Appendix 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: 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 assets. d. Assume the industry average is 1.5. Does Apples 2018 current ratio outperform or underperform when compared to the industry average? e. Assume the industry average is 1.0. Does Apples 2018 acid-test ratio outperform or underperform when compared to the industry average? Apple and Google: Compute the following: Gross Margin Gross Margin Ratio f. Apple 9/29/18 g. Apple 9/30/17 h. Google 12/31/18 i. Google 12/31/17 j. Which company earns more in gross margin for each dollar of net sales for the fiscal year ended in 2018? k. Assume the industry average is 35%, does Apple outperform or underperform when compared to the industry average? l. Assume the industry average is 35%, does Google outperform or underperform when compared to the industry average? m. Is the change from 2017 to 2018 in the gross margin favorable or unfavorable for Apple? n. Is the change from 2017 to 2018 in the gross margin favorable or unfavorable for Google? Samsung: Gross Margin Gross Margin Ratio o. Samsung 12/31/18 p. Samsung 12/31/17 q. Is Samsungs gross margin ratio better or worse than Apple? r. Is Samsungs gross margin ratio better or worse than Google? Apple, Google, and Samsung: s. Does Apple use the single-step or multiple-step income statement format? t. X Does Google use the single-step or multiple-step income statement format? u. Does Samsung use the single-step or multiple-step income statement format?