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x M (no subject) - rodriguezr102 x M (no subject) - rodriguezr102 X Bb NJCU Blackboard X Bb NJCU Blackboard X Ex ct.mheducation.com/flow/connect.html eal World Saved AA 16-1 Company Analysis LO C2 Apple has entered into contracts that require the future purchase of goods or services ("unconditional purchase obligations"). At year- end 2017. Apple reports the following for these future payments. Use Apple's financial statements in Appendix A. $ millions 2018 2019 2020 Future payments 2021 1022 $ 1,798 5 2,675 5 1, 626 5 1, 296 $ 1, 268 Required 1. As of year-end 2017, what is the total dollar amount (in millions) of Apple's future payments for unconditional purchase obligations? 2. Compute the ratio of the total dollar amount of Apple's future payments for unconditional purchase obligations divided by Apple's total liabilities of $241,272, as of year-end 2017. 3. Is the ratio of accounts payable to total liabilities higher or lower than the ratio of unconditional purchase obligations to total liabilities computed in part 2? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 As of year-end 2017, what is the total dollar amount (in millions) of Apple's future payments for unconditional purchase obligations? Total payments for unconditi igations Required 2 >Bb NJCU Blackboard Bb NJCU Blackboard X Exce M (no subject) - rodriguezr102 x M (no subject) - rodriguezr102 x x ect.mheducation.com/flow/connect.html Real World Saved AA 16-1 Company Analysis LO C2 Apple has entered into contracts that require the future purchase of goods or services ("'unconditional purchase obligations"). At year- end 2017, Apple reports the following for these future payments. Use Apple's financial statements in Appendix A. $ millions 2018 2019 2020 2021 2022 Future payments $ 1, 798 $ 2,675 $ 1,626 5 1, 296 5 1, 268 Required 1. As of year-end 2017, what is the total dollar amount (in millions) of Apple's future payments for unconditional purchase obligations? 2. Compute the ratio of the total dollar amount of Apple's future payments for unconditional pu total liabilities of $241,272, as of year-end 2017. se obligations divided by Apple's 3. Is the ratio of accounts payable to total liabilities higher or lower than the ratio of unconditional purchase obligations to tota liabilities computed in part 2? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Is the ratio of accounts payable to total liabilities higher or lower than the ratio of liabilities computed in part 2? ditional purchase obligations to total Is the ratio of accounts payable to total liabilities higher or lower than the ratio of unconditional purchase obligations to total liabilities computed in part 2p

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