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Prepare a vertical analysis of the income statement through net income for the four most recent years using Sales as the base amount. Apple Inc.

Prepare a vertical analysis of the income statement through net income for the four most recent years using Sales as the base amount.image text in transcribed

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Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 28, September 29. September 30, 2019 2018 2017 $ 55,256 $ 59,531 $ 48,351 Net income Other comprehensive income/(loss): Change in foreign currency translation, net of tax (408) (525) 224 (661) 523 1,315 Change in unrealized gainslosses on derivative instruments, net of tax: Change in fair value of derivatives Adjustment for net (gainsy/losses realized and included in net income Total change in unrealized gains/losses on derivative instruments 23 3B2 (1,477) (638) 905 (162) 3,802 (3,407) (782) Change in unrealized gains/losses on marketable securities, net of tax: Change in fair value of marketable securities Adjustment for net (gainsy/losses realized and included in net income Total change in unrealized gains losses on marketable securities 25 1 (64) 3,827 (3,406) (846) Total other comprehensive income (loss) Total comprehensive income 2,781 58,037 $ (3,026) 56,505 $ (784) 47,567 $ See accompanying Notes to Consolidated Financial Statements. Apple Inc. I 2019 Form 10-K 130 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 30, September 24, September 26, 2017 2016 2015 $ 48,351 $ 45,687 $ 53,394 Net income Other comprehensive income/(loss): Change in foreign currency translation, net of tax effects of $(77), $8 and $201, respectively 224 75 (411) 1,315 7 2,905 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit:(expense) of $(478), $(7) and $(441), respectively Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $475, $131 and $630, respectively Total change in unrealized gains/losses on derivative instruments, net of tax (1,477) (741) (3,497) (162) (734) (592) (782) 1,582 (483) Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit/ (expense) of $425, $(863) and $264, respectively Adjustment for net (gainsw'losses realized and included in net income, net of tax expense/(benefit) of $35, $(31) and $(32), respectively Total change in unrealized gains/losses on marketable securities, net of tax (64) 56 59 (846) 1,638 (424) Total other comprehensive income/(loss) Total comprehensive income (784) 47,567 $ 979 46,666 $ (1,427) 51,967 $ See accompanying Notes to Consolidated Financial Statements. Apple Inc. I 2017 Form 10-K 140

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