1.Assuming that Apple makes all sales on account, compute the amount of cash collected from customers during 2014.

2.Compute the cost of inventory (either newly purchases or manufactured) during 2014.

3.Assume that all of Apples inventory purchases are made on account, compute the amount of cash paid to suppliers of inventory during 2014.

4.Identify Apples working capital and current ratio in 2014. Comment on how have they changed from 2013? Identify the sources of the changes.