ences The following summarized data (amounts in millions) are taken from the September 26, 2020, and September 28, 2019, comparative financial statements of Apple Incorporated, a company that designs, manufactures, and markets mobile communication and media devices and personal computers; sells a variety of related software, services, accessories, networking solutions, and offers third-party digital content and applications: (Amounts Expressed in Millions) For the Fiscal Years Ended September 26 and September 28, respectively: Net sales Costs of sales Operating income Net income At Year-End: Assets Current assets: Cash and cash equivalents Short-term marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Noncurrent assets: Long-term marketable securities Property, plant, and equipment, net Other noncurrent assets Total noncurrent assets Total assets Liabilities and Shareholders' Equity Current Liabilities: Accounts payable Other current liabilities Deferred revenue $260,174 161,782 63,930 $ 55,256 $ 48,844 51,713 22,926 2020 $274,515 169,559 2019 66,288 $ 57,411 $ 38,016 52,927 16,120 4,061 4,106 21,325 22,878 11,264 12,352 143,713 162,819 100,887 105,341 36,766 37,378 42,522 32,978 $ 175,697 $338,516 $ 180,175 $ 323,880 $42,296 42,684 $ 46,236 37,720 5,522 5,980 6,643 Connercial paper 4,996 Current portion of term debt. 8,773 10,260 Total current liabilities 105,392 105,718 Noncurrent liabilities: Noncurrent portion of term debt 98,667 91,807. Other noncurrent liabilities 54,490 50,503 Total noncurrent liabilities. 153,157 142,310 Total liabilities 258,549 248,028 Shareholders' equity: Total current liabilities Noncurrent liabilities: 105,392 105,718 Noncurrent portion of term debt 98,667 91,807 Other noncurrent liabilities 54,490 50,503 Total noncurrent liabilities 153,157 142,310 Total liabilities 258,549 248,028 Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976,763 and 17,772,945 shares issued and outstanding, respectively 50,779 14,966 (406) 45,174 45,898 (584) 65,339 90,488 $ 323,888 $ 338,516 Retained earnings Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity At September 29, 2018, total assets were $365,725 and total shareholders' equity was $107,147. Required: a. Calculate Apple Incorporated's working capital, current ratio, and acid-test ratio at September 26, 2020, and September 28, 2019. b. Calculate Apple's ROE for the years ended September 26, 2020, and September 28, 2019. c. Calculate Apple's ROI, showing margin and turnover, for the years ended September 26, 2020, and September 28, 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate Apple Incorporated's working capital, current ratio, and acid-test ratio at September 26, 2020, and September 28, 2019. Note: Round your ratio answers to 2 decimal place. Enter "Working capital" in million of dollars. 2020 2019 Working capital $ 38,3211 Current ratio: 1.36 Acid-test ratio 1.02 Halo Classes GLU Portal YouTube Robinhood Twitter Yahoo Finance Reddit HBU Max Prych textDOOK Rerworks ALC200 Connect 2 Assignment i Saved Total current liabilities Noncurrent liabilities: Noncurrent portion of term debt 105,392 105,718 98,667 91,807 Other noncurrent liabilities. 54,490 50,503 Total noncurrent liabilities 153,157 142,310 Total liabilities 258,549 248,028 Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976,763 and 17,772,945 shares issued and outstanding, respectively 50,779 45,174 Retained earnings 14,966 45,898 ok. Accumulated other comprehensive income/(loss) (406) (584) Total shareholders' equity 65,339 90,488 Total liabilities and shareholders' equity $323,888 $ 338,516 nces i At September 29, 2018, total assets were $365,725 and total shareholders' equity was $107,147. Required: a. Calculate Apple Incorporated's working capital, current ratio, and acid-test ratio at September 26, 2020, and September 28, b. Calculate Apple's ROE for the years ended September 26, 2020, and September 28, 2019. c. Calculate Apple's ROI, showing margin and turnover, for the years ended September 26, 2020, and September 28, 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate Apple's ROE for the years ended September 26, 2020, and September 28, 2019. Note: Round your answers to 1 decimal place. 2020 2019 ROE 73.7 % Total current liabilities Noncurrent liabilities: 105,392 105,718 Noncurrent portion of term debt 98,667 91,807 Other noncurrent liabilities 54,490 50,503 Total noncurrent liabilities 153,157 142,310 Total liabilities 258,549 248,028 Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976,763 and 17,772,945 shares issued and outstanding, respectively 50,779 14,966 45,174 45,898 Total shareholders' equity (406) 65,339 (584) 90,488 $ 323,888 $ 338,516 Retained earnings Accumulated other comprehensive income/(loss) Total liabilities and shareholders' equity At September 29, 2018, total assets were $365,725 and total shareholders' equity was $107,147. Required: a. Calculate Apple Incorporated's working capital, current ratio, and acid-test ratio at September 26, 2020, and September 28, 20- b. Calculate Apple's ROE for the years ended September 26, 2020, and September 28, 2019. c. Calculate Apple's ROI, showing margin and turnover, for the years ended September 26, 2020, and September 28, 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required c Calculate Apple's ROI, showing margin and turnover, for the years ended September 26, 2020, and September 28, 2019. Note: Round "Turnover" answers to 2 decimal places. Round your percentage answers to 1 decimal place. 2020 ROI Margini Turnover 2019 17.3 % % %