AA 6-1 Company Analysis LO C2, A1

Use Apple's financial statements inAppendix Ato answer the following.

Required:

1.Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016.

2.Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at fiscal year-end for both 2017 and 2016.

3.Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016.

4.Compute the days' sales uncollected as of (a) September 30, 2017, and (b) September 24, 2016.

5.Does Apple's collection of receivables show a favorable or unfavorable change?

Required 1

identify the total amount of cash and cash equivalents for fiscal years ended (a) September 30, 2017, and (b) September 24, 2016.(Enter your answers in millions.)

Required 2

Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at fiscal year-end for both 2017 and 2016.(Round percentage values to 1 decimal place.)

in 2017

Cash and cash equivalents 20,289

current assets 128,645

current liabilities 100,814

shareholders equity 134, 047

total assets 375,319

in 2018

20,484

106,869

79,006

128,249

321,686