Common-Sized Balance Sheets

The following end-of-the-year balance sheets (in millions) were adapted from recent financial statements ofApple (AAPL).

Year 1Year 2Current assets:Cash$13,844$21,120Marketable securities11,23320,481Accounts receivable27,21930,343Inventory2,1112,349Other14,12415,085Total current assets$68,531$89,378Long-term assets:Long-term marketable securities$130,162$164,065Property, plant, and equipment20,62422,471Other long-term assets12,52214,565Total long-term assets$163,308$201,101Total assets$231,839$290,479Current liabilities:Accounts payable and similar liabilities$48,649$60,671Current portion of long-term debt02,500Other14,79917,439Total current liabilities$63,448$80,610Long-term liabilities56,84490,514Total liabilities$120,292$171,124Stockholders' equityCommon stock$23,313$27,416Retained earnings87,15292,284Other items1,082(345)Total stockholders' equity$111,547$119,355Total liabilities and stockholders' equity$231,839$290,479

1.Prepare common-sized balance sheets for Apple for Years 1 and 2. Round your percentage answers to one decimal place. If an amount is zero, enter "0". (Note: Due to rounding, amounts may not total 100%.)

AppleCommon-Sized Balance SheetFor Years 1 and 2Year 1Year 2Increase (Decrease)Current assets:Cash%%%Marketable securitiesAccounts receivableInventoryOtherTotal current assets%%%Long-term assets:Long-term marketable securities%%%Property, plant and equipmentOther long-term assetsTotal long-term assets%%%Total assets%%%Current liabilities:Accounts payable and similar liabilities%%%Current portion of long-term debtOtherTotal current liabilities%%%Long-term liabilitiesTotal liabilities%%%Stockholders' EquityCommon stock%%%Retained earningsOther itemsTotal stockholders' equity%%%Total liabilities and stockholders' equity%%%

2.A comparison of liabilities for Years 1 and 2 indicates a(n)

in both current and long-term liabilities as a percent of total liabilities plus stockholders' equity. Total liabilities have

by% relative to total liabilities plus stockholders' equity. A corresponding

occurred in

.