Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Tn millinme) Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Compute the dollar amount of change and the percentage change in imventories between 2019 and 2020. (Round dollar amount to millions and percentoges to 1 decimal place, eg. 15.4\%) Compute inventory as a percentage of current assets for 2020. (Round answer to 1 decimal place, e.g. 15.4\%.) Inventory as a percentage of current assets % eTextbook and Media Attempts: 2 of 3 used (c) What are the cost of sales reported by Apple for 2020, 2019, and 2018? Compute the ratio of cost of sales to net sales in 2020. (Hint. Use "product" sales and "product" cast info rather than "total" in computing this ratio.) (Round percentage to 1 decimal place, e.g. 15.2%.) Ratio of cost of sales to net sales % September 26, September 28, 2020 2019 ASSETS: Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets $38,016 52,927 4,061 21,325 143,71311,264 Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities \begin{tabular}{rr} 100,887 & 105,341 \\ 36,766 & 37,378 \\ 42,522 & 32,978 \\ \hline 180,175 & 175,697 \\ \hline$323,888 & $338,516 \\ \hline \end{tabular} $42,29 42,684 6,643 4,996 105,3928,773 2,926 4,106 22,878 162,81912,352 $48,844 51,713 22,926 See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Ye See accompanying Notes to Consolidated Financial Statements