Complete this question by entering your answers in the tabs below. Does Apple's 2018 acid-test ratio outperform or underperform the (assumed) industry average of 1.0 ? Compute the current ratio and acid-test ratio as of September 29, 2018, and September 30, 2017. Note: Enter your answers in millions of dollars. Complete this question by entering your answers in the tabs below. Does Apple's 2018 current ratio outperform or underperform the (assumed) industry average of 1.5 ? Complete this question by entering your answers in the tabs below. Does Apple's 2018 acid-test ratio outperform or underperform the (assumed) industry average of 1.0? Refer to Apple's financial statements in Appendix A to answer the following. Required 1. Assume that the amounts reported for inventories and cost of sales reflect items purchased in a form ready for resale. Compute the net cost of goods purchased for the year ended September 29, 2018. 2. Compute the current ratio and acid-test ratio as of September 29, 2018, and September 30, 2017. 3. Does Apple's 2018 current ratio outperform or underperform the (assumed) industry average of 1.5 ? 4. Does Apple's 2018 acid-test ratio outperform or underperform the (assumed) industry average of 1.0 ? Complete this question by entering your answers in the tabs below. Assume that the amounts reported for inventories and cost of sales reflect items purchased in a form ready for resale. Compute the net cost of goods purchased for the year ended September 29, 2018. Note: Enter your answers in millions of dollars. Apple Inc. See accompanying Notes to Consolidated Financial Statements. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Years ended Cash and cash equivalents, beginning of the year Operating activities: Net income 59,531 48,351 45,687 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Deferred income tax expense (benefit) Other Changes in operating assets and liabilities