Refer to Apples financial statements and answer the following.

Financial statements

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, September 30, September 24, 2018 2017 2016 Net sales $ 265,595 $ 229,234 $ 215,639 Cost of sales 163,756 141,048 131,376 Gross margin 101.839 88,186 84,263 Operating expenses: Research and development Selling, general and administrative Total operating expenses 11,236 16.705 30.941 11,581 15.261 26,842 10,045 14,194 24,239 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income 70,898 2,005 72,903 13,372 $ 59,531 61,344 2,745 64,089 15,738 $ 48,351 60,024 1.348 61,372 15,685 $ 45,687 Earnings per share: Basic Diluted 12.01 8.35 $ S 9.27 9.21 $ S S 11.91 8.31 Shares used in computing earnings per share: Basic Diluted 4,955,377 5,000,109 5,217,242 5,251,692 5,470.820 5,500,281 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) September 29, 2018 $59,531 Years ended September 30, 2017 $48.351 September 24, 2016 $45,687 Net income 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 S(149), $(478) and $(7), respectively Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $(104), $475 and $131, respectively Total change in unrealized gains/losses on derivative instruments, net of tax 523 382 905 1,315 (1,477) (162) (741) (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 $(863), respectively Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $21, $35 and $(31), respectively Total change in unrealized gains/losses on marketable securities, net of tax 399 399 (3,407) (782) (64) 1,582 56 1,638 (3,406) (846) Total other comprehensive income/loss) Total comprehensive income (3.026) $56,505 (784) $47.567 979 $46.666 Apple Inc. CONSOLIDATED BALANCE SHEETS In millions, except number of shares which are reflected in thousands and par valse) September 29, 2018 September 30. 2017 ASSETS: 525.013 $20.266) Current assets: Cash and cash equivalents Marketable sectarities Accounts receivable, net Inventories Vendar on trade receivables Other current assets Total current assets 5.8 1984 4.53 23.186 3.486 25.09 12.08 191.339 19.900 128,645 194,714 Non-current assets Marketable securities Property, plant and equipment, net Other non-current assets Total current assets Total assets 1771,79 41.304 22.28 23486 $365-725 18.17 246. $875319 LIABILITIES AND SHAREHOLDERS' EQUITY: $ 44,242 Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term deht Total current liabilities Non current liabilities: Deferred revence Term deht Other non current liabilities Total non-current liabilities Total liabilities $55.98 32,654 7.543 11.964 8.784 116,866 7.548 11.977 6.495 KK14 2.7 93.735 45.180 2.836 97.2017 40.415 140458 241,272 25.1 Commitments and contingencies 95.186 Sharehokles' equity: Common stock and additinnal paid in capital Social par value: 12,600,000 shares authorized: 4-754.986 and 5,126,201 shares issued and cutstanding, respectively Retained earnings Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity 461.2017 71,400 (3.454 10/12 $35.725 330 (150) 134.847 $275,319 Accumulated Other Comprehensive Income/(Loss) $ (346) Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except number of shares which are reflected in thrusands and per share amounts) Common Stock and Additional Paid-In Capital Shares Amount Retained Earnings Balances as of September 21, 2015 5. 827.416 $92284 Net income 45.68 Other comprehensive income/ks) Dividends and dividend equivalents declared at $2.15 per share or RSU (12.188) Repurchase of common stock (279.600) (20.000) Share-based compensation 4.2014 Cemon stock issued, net of shares withheld for employee taxes (806) (419) Tax benefit from equity awards, including transfer pricing adjustments 379 Balances as of September 24, 2016 6,166 31.251 | 96,364 Net income 48,351 Other comprehensive income/(las) Dividends and dividend equivalents declared at $2.40 per share ar RSU (12,803) Repurchase of common stock (246.496) (33.000) Share-based compensation 4.900 Chinmon stock issued, net of shares withheld for employee taxes 36.521 (913) (5) Tax benefit from equity awards, including transfer pricing adjustments 620 Balances as of September 30, 2017 5.12.20 386 320 Cumulative effect of change in counting principle 278 Netine me 59.531 Other comprehensive income/Class) Dividends and dividend equivalents declared at $2.72 per share nr RSU (19.735 Repurchase of common stock (905.540) (79.056) Share-based compensation 5.443 Common stock issued, set of shares withheld for employee taxes 34.384 (1,109) (9483 Balances as of September 29, 2018 4.4.086 $30,2011 $0.400 Total Shareholders' Equity $11.30 45.687 979 (12.1A) (20) 4.262 (1.295) 379 128,249 48.35 (784) (12.893) (83.001) 4.900 (1494) 620 134,042 634 (784) (150) (278) (3.26) 59.331 (3.026) (13.735 79.055) 5.443 (2,057 SZ $18.454) Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) September 29, 2018 20.20 Years ended September 30. 2011 September 24, 2016 $20.434 521,120 54.531 45.68 101903 5340 (62.50) (444) 10.157 4,840 1966 (166) 10.505 4.210 4.93 486 57 5.29) 80 (8,010) (423) 9.195 (44) (2.063) (2.728) (4.254) (538) 8.966 (626) 1.125 21 (51) 1.095 2,11 (1554) (1.406) 66.231 64,22 Cash and cash equivalents, beginning of the year Operating activities Net income Adjustments to reconcile net income to cash generated by operating activities Depreciation and amortization Share based compensation expense Deferred income tax expense/(benefit) Other Changes in operating assets and liabilities: Meenunts receivable.net Inventories Vendor non-trade receivables Other current and current assets Accounts payable Deferred revence Other current and non-current liabilities Cash generated by operating activities Investing activities: Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments for acquisition of property, plant and equipment Payments made in ccnnecting with business acquisitinas, net Purchases of non-marketable securities Proceeds from non-marketable securities Other Cash generated by /used in) investing activities Financing activities: Proceeds from issuance of common stock Payments for taxes related to net share settirment of equity awanis Payments for dividends and dividend equivalents Repurchases of common stock Proceeds from issuance of term debt.net Repayments of term debt Change in commercial paper, net Cash used in financing activities Increase/(Decrease) in cash and cash equivalents Cash and cash equivalents, end of the year Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest (142,428) 21255 90.536 (7.356) 55.881 47.48 (13.313) (721) (1.871) 353 (150.486) 31.775 94.564 (12,451) (329) (521) 126 (297) (1948) (924) (45.977) 16.066 (46.446 555 (1.8-4) (2.527) (13.712) (72.73) 6,469 (6.500) (37) (87.26 55.624 $25.214 (32,6X) 28,662 (3.00) 3.854 495 (1.570) (12,150) (29,782) 24.954 (2.500) (397) (2.8) (696) $20,484 (196 52428 $10,417 53.1122 $11.591 S22 $10,444 5 1316 Refer to Apple's financial statements and answer the following questions. What were Apple's total assets at September 29, 2018? At September 30, 2017? 2018 2017 Total Assets $ How much cash (and cash equivalents) did Apple have on September 29, 2018? Cash (and cash equivalents) balance What amount of accounts payable did Apple report on September 29, 2018? On September 30, 2017? 2018 2017 Accounts Payable $ S