Refer to the financial statements of Apple that appear in Appendix A of your text for the following questions: a. Compute Apples' Accounts Receivable turnover as of the most recent year b. How long does it take, on average for Apple to collect receivables? c. Apple's most liquid assets are cash and cash equivalents, short-term marketable securities, receivables. Compute the percentage that these assets make up of current liabilities as of the most recent year. Do the same for the prior year. Comment on the company's ability to satisfy to its current liability as of its most recent year compare to the prior year. What commonly used ratio is the calculation most similar to? d. What criteria did Apple use to classify items in cash equivalents? (you will need to refer to the footnotes to answer this question)