September 30, 2017 229.234 1010 BR.186 September 24, 2018 5 215.639 131.378 5453 September 26, 2015 273,715 140.000 9.626 Years ended Net sales Cost of sales Gross margin Operating expenses Research and development Selling, general and administrative Total operating expenses Operating income Other income (expense), met Incone before provision for income Provision for income taxes Nct income 11.581 15.361 262 613 2.745 10.045 14,194 2529 0.02 1. 61,372 15.685 45.687 1.067 14:29 22.196 71230 1.285 72315 19,121 51.091 15.738 351 9.27 9.21 15 831 9.28 9.22 $ Earnings per share: Basic Diluted Share used in computing earnings per share Basic Diluted Cash dividends declared per share 5.217.242 5.251.682 5.470.820 5.500.251 2.18 5.753.421 5.793.069 1.95 $ 5 2.40 5 See accompanying Notes to Consolidated Financial Statements September 26, 2015 31394 (1 2005 2497 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In mi) Years ended September 30, 2017 September 24, 2016 Net Income 5 3151 $ 45.687 Other comprehensive income oss Change in foreign currency translation, net of tax effects of 57758 and 5201, respectively 234 75 Change in unained in losse o derivative Instruments Change in tal value of derivatives, net of tax benefit lespeel of 5.478 517) and Screspectively 5 Adjustment for met losse ruled and included in netice, net of tax expense benefit of $175.5131 and 56.10, respectively (1477 (741 Tocal change in realized in son derivative Instruments, not of to K1621 07.10 Change in mind gainoses on maale si Chunge in file of marketable Securities of tax benefit expenicio $135.) and 5261. possively (73 13 Nyomo funciones realed and included in net income 164) 15:32. pectively ef of expense het of $15.50 56 Toal.change in realitede marketable securitie net 2846 1.51 Trovence 9739 lumpen 7367 1592 CER 59 100 401 S 31.62 NA Use the table below and Apple's financial statements in Appendix A to answer the following. 5 millions Interest expense 2017 2016 2015 $ 2,323 $1,456 $733 Required: 1. Compute times interest earned for each of the three years shown. 2 Is Apple in a good or bad position to pay interest obligations? Assume an industry average of 10. 3. Identify Apple's total accrued expenses in 2017. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute times interest earned for each of the three years shown. (Round your answer to 2 decimal plac 2017 2016 2015 Times interest eamed ratio Required 2 >