Q1 Apple

Requirement 3:

Apple's asset makeup became more or less liquid in 2019.

Use Apple's financial statements in Appendix A to answer the following. Required: 1. Using fiscal 2017 as the base year, compute trend percents for fiscal years 2017, 2018, and 2019 for total net sales, total cost of sales, operating income, other income (expense) net, provision for income taxes, and net income. 2. Compute common-size percents for fiscal years 2018 and 2019 for the following categorles of assets: (a) total current assets; (b) property, plant and equipment, net; and (c) accounts recelvable, net. 3. Using current assets as a percent of total assets to measure IIquidity, did Apple's asset makeup become more liquid or less IIquid In 2019 ? Complete this question by entering your answers in the tabs below. Using fiscal 2017 as the base year, compute trend percents for fiscal years 2017, 2018, and 2019 for total net sales, total cost of sales, operati (expense) net, provision for income taxes, and net income. Note: Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to 1 decimal place. Compute common-size percents for fiscal years 2018 and 2019 for the following categories of assets: (a) total current assets; (b) property, plant and equipment, net; and (c) accounts receivable, net. Note: Enter your answers in millions. Round your percentage answers to 1 decimal place