2 15 The following summarized data (amounts in millions) are taken from the September 30, 2017, and September 24, 2016, comparative financial statements of Apple Inc., a company that designs, manufactures, and markets mobile communication and media devices and personal computers; sells a variety of related software, services, accessories, networking solutions, and offers third-party digital content and applications: (Amounts Expressed in Millions) For the Fiscal Years Ended September 30 and September 24, respectively Net sales Conts of sales- Operating income Net income At Year Ends Assets Current assetes Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowance of $58 and $53, respectively Inventories Vendor nontrade receivables Other current assets Total current assets. Long-term marketable securities Property, plant, and equipment, net Goodwill Acquired intangible assets, net Other assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued expenses Deferred revenue, Commercial paper Current portion of long-tern debt Total current liabilities Deferred revenue-poncurrent Long-term debt 2017 2016 $ 229,234 $ 215,639 114,048 131,376 61,344 60,024 $ 48,351 $ 45,687 $ 20,289 $ 20,484 53,892 46,671 17,874 15,754 4,055 2,132 17,799 13,545 13,936 8,283 120,645 106,869 194,714 170,430 33,783 27,010 5,717 5,414 2,290 3,206 10,162 0,757 375,319 $321,606 $ 49,049 37,294 25,744 22,027 7,540 8,000 11,977 0.105 6,496 3,500 100,814 79,006 2,036 2,930 97,207 75,427 40.41% 36.074