P2-59. Analyzing and Interpreting Balance Sheet Data and Interpreting Liquidity Measures Selected balance sheet amounts for Apple Inc., a retail company, for four recent scal years follow: 2014 ........ $ 68,531 $ '? $231,839 $ ? $ 56,844 $120,292 $111,547 2015 ........ 89,378 201,101 :2 80,610 '2 171,124 119,355 2016 ........ 106,869 214,817 ? ? 114,431 193,437 ? 2017 ........ ? 246,674 375.31 9 100,814 ? 241 ,272 134,047 B E 0 U I B E D a. Compute the missing balance sheet amounts for each of the four years shown. b. What asset category would you expect to constitute the majority of Apple's current assets? 0f its long-term assets? c. Is the company conservatively nanced; that is, is it nanced by a greater proportion of equity than of debt? (1. Calculate the current ratio for 2014 and 2017. 6. Assume the industry average is 2.0 for the current ratio. Comment on Apple's current ratio relative to the industry