3.Go towww.finance.yahoo.com.Type in Apple or "AAPL" in search box at top of the page.Based on the information presented, answer the following questions:

• From the Summary Tab, what is Apple's current share price quote?
• From the Statistics Tab, what is Apple's Inter-day market capitalization ("Market Cap")?
• What is the implied number of shares outstanding (i.e., market cap current share price)?How does this number compare to the actual shares outstanding presented on the Statistics Tab?Hint - remember that market cap is generally in millions or billions while share prices quotes are not.
• Go to Apple's balance sheet for themostrecentlycompletedquarter(within the "financials" tab).What is the date of the balance sheet?
• How much cash and investments (current and non-current) does the company have?What percentage of the total asset base of the company did these balances represent?
• Comment on Apple's holdings of cash and investments (these types of holdings represent non-operating assets).What potential benefits exist due these holdings?What potential concerns are created by these holdings?