Question 1: The case study said that Apple Inc. is a cash generation machine. Based on exhibited on Figure 164, the company started its financial year Sep. 2019 with $26 billion cash and ended that year over $50 billion of cash. What are the main three reasons that Apples Inc had an increase of over $24 billion of cash compared to the ending cash of 2018.

Question 2: The case said that share buyback is a way to return cash to shareholders (See Page 265, 4^th line). Explain what this means using your own words.