Please be detailed and submit answers the same way the chart is made on both question, so I understand what is the answer on both questions. This is worth a lot if points, and can make or break my grade and understanding, so please be detailed and bolden the answer if needed.
INSTRUCTIONS:
QUESTION PART 1:
QUESTION PART 2:
APPLE'S FINANCIAL STATEMENTS APPENDIX A TO HELP ANSWER THE QUESTIONS ABOVE:
Use Apple's financial statements in Appendix A to answer the following Required: 1. Using fiscal 2016 as the base year, compute trend percents for fiscal years 2016, 2017 and 2018 for net sales, cost of sales, operating income, other income (expense) net, provision for income taxes, and net income 2. Compute common-size percents for fiscal years 2017 and 2018 for the following categories of assets: (a) total current assets:( property, plant and equipment, net and accounts receivable, net. 3. Using current assets as a percent of total assets to measure liquidity, did Apple's asset makeup become more liquid or less liquid in 2018? Required: 1. Using fiscal 2016 as the base year, compute trend percents for fiscal years 2016, 2017, and 2018 for net sales.cost of sales, operating income, other income (expense) net, provision for income taxes, and net income. 2. Compute common-size percents for fiscal years 2017 and 2018 for the following categories of assets: () total current assets. (6) property, plant and equipment, net and accounts receivable, net 3. Using current assets as a percent of total assets to measure liquidity, did Apple's asset makeup become more liquid or less liquid in 2018? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using fiscal 2016 as the base year, compute trend percents for fiscal years 2016, 2017, and 2018 for net sales, cost of sales, operating income, other income (expense) net, provision for income taxes, and net income. (Input all the values as positive numbers. Enter your answers in millions, Round your percentage answers to 1 decimal place) Fiscal 2017 Fiscal 2010 Fiscal 2015 % % % * Net Sales Cost of sales Operating income Other income (expense) Provision for income taxes Net income % % % Use Apple's financial statements in Appendix A to answer the following. Required: 1. Using fiscal 2016 as the base year, compute trend percents for fiscal years 2016, 2017, and 2018 for net sales, cost of sales, operating income, other income (expense) net, provision for income taxes, and net income 2. Compute common-size percents for fiscal years 2017 and 2018 for the following categories of assets: (a) total current assets; (6) property, plant and equipment, net and accounts receivable, net. 3. Using current assets as a percent of total assets to measure liquidity, did Apple's asset makeup become more liquid or less liquid in 2018? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute common-site percents for fiscal years 2017 and 2018 for the following categories of assets: (a) total current assets; (b) property, plant and equipment, net; and (c) accounts receivable, not. (Enter your answers in millions. Round your percentage answers to 1 decimal place) Sep 29, 2018 5 Sep 30, 2017 Total current assets Property, plant and equipment net Accounts receivable, not % 18* % September 30, 2017 Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 29, 2018 ASSETS Current assets Cash and cash equivalents 25,913 Marketable securities 40,388 Accounts receivable, net 23.186 Inventories 3,956 Vendor non-trade receivables 25,809 Other current assets 12,087 Total current assets 131,339 Non-current assets: Marketable securities 170,799 Property, plant and equipment, net 41,304 Other non-current assets 22,283 234,386 Total non-current assets Total assets 365,725 20,289 53,892 17,874 4,855 17.799 13,936 128,645 194,714 33.783 18,177 246,674 375,319 55,888 32,687 7,543 11,964 8,784 116,866 44,242 30,551 7,548 11,977 6,496 100,814 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities Deferred revenue Term debt Other non-current liabilities Total non-current liabilities Total liabilities Commitments and contingencies Shareholders' cquity Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized: 4.754,986 and 5.126,201 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity Total liabilities and shareholders' cquity See accompanying Notes to Consolidated Financial Statements. 2,797 93,735 45,180 141,712 258,578 2,836 97.207 40,415 140,458 241,272 40,201 70,400 (3.454) 107,147 365,725 35,867 98,330 (150) 134,047 375,319 S September 24, 2016 215,639 131,376 84.263 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 29, 2018 September 30, 2017 Net sales 265,595 $ 229,234 Cost of sales 163,756 141,048 Gross margin 101.839 88,186 Operating expenses Research and development 14,236 11,581 Selling, general and administrative 16,705 15,261 Total operating expenses 30,941 26,842 Operating income 70,898 61.344 Other income (expense), net 2,005 2,745 Income before provision for income taxes 72,903 64,089 Provision for income taxes 13,372 15,738 Net income 59.531 48,351 10,045 14,194 24,239 60,024 1,348 61,372 15,685 45,687 8.35 8.31 S Earnings per share: Basic 12.01 S 9.27 Diluted 11.91 $ 9.21 Shares used in computing earnings per share: Basic 4,955,377 5.217.242 Diluted 5,000.109 5.251,692 See accompanying Notes to Consolidated Financial Statements. 5,470,820 5,500,281 1.315 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 29, 2018 September 30, 2017 September 24, 2016 Net income $ 59,531 S 48,351 $ 45,687 Other comprehensive income/(loss): Change in foreign currency translation, net of tax effects of $(1). $(77) and $8, respectively (525) 224 75 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit (expense) of $(149), S(478) and $(7), respectively 523 7 Adjustment for net (gains) losses realized and included in net income, net of tax expense (benefit of $(104), $475 and $131, respectively 382 (1,477) (741) Total change in unrealized gains/losses on derivative instruments, net of tax 905 (162) (734) Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit (expense) of $1,156, $425 and S(863), respectively (3,407) (782) 1.582 Adjustment for net (gains) losses realized and included in net income, (64) 56 net of tax expense (benefit) of $21. $35 and $(31), respectively Total change in unrealized gains/losses on marketable (3,406) (846) 1,638 securities, net of tax Total other comprehensive income (loss) (3,026) (784) 979 S 56,505 47,567 46,666 Total comprehensive income See accompanying Notes to Consolidated Financial Statements. 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