The notes that accompany a companys financial statements provide informative details that would clutter the amounts and descriptions presented in the statements. Refer to the financial statements of Apple Inc. in Appendix A. Answer the following questions. (Give the amounts in thousands of dollars, as shown in Apples annual report.)

Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS Camilopember of shares which are reflected in thread and pershaw meat) Tears ended September 29, September 30, September 08 BOR 2016 Set 5245595 S234 $16.99 Cost of sales 41048 ar Geosmarin 301.30 88:56 53 12.23 Operating es Read de Selling administrative Total operating 30.045 4.191 24259 26.82 6,00 Operating Other incomplet focome before provision for income Provision for come Pos 2005 72.909 19312 61.344 235 6139 1536 $$ 58568 Farning pera $ 12.01 5 3838 9:21 Det Sharessed in competing aming per here Battle Ded 4953 5.000.009 $17.94 tga 5.80 5.300.26 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME camions) September 29. 2018 Years ended September 30, BO September 2016 $4568 2 135 Other compreensive income ose Change in foeniga cureaty translation, set of tax effets of $441,967) and $8, empectively Change in unrealised aineson derivative instrumente Change in fair value of derivatives, net of tax belt (expense of sugl $478) and $67) respectively Adjustment for et pains/losses realised and included in net income, net of tax expense benefit) of Soul. Sans and $131, respectively Total change in realidades en derivative Instruments, net of tax Change in realized in sec marketable securities Change in fair val of marloetable mecurities, set of tax benet/enpense) of $1,156. Surs and sis), respectively Adjustment for et gains)/losses realised and included in net income, met of tax expense benefit) of Sas, 535 and ). Total change in urenlind gains losses on marketable securities, net of tax (1) (3.0 (a) (3.6 Total other comprehensive income oss) Total competensive income 1.006) 18) SAR $26,666 Apple CONSOLIDATI DILANCE SHEETS In het huis what in the opere September September AN Marturii Am Vetrate merivabile Oder 19 Pretplatit Der B. HABILITIES AND SHAREHOLDERS' EQUITY Current Other Terme Theme YUN wheels Test This BRL | Trtpally 45,00 ( s Aada --- Apple Ins| CONSOLIDATED STATESEENTS OF SHAREHOLDERS BOETTY ) Anslated Mall in Capital tardtaries D in turn romparisort I . apas 50 anathapter 4 2018 | Contains a return tak Tataltant inster are pu) ) Divisa declarat per bek ) Perband met | 54 Com tegister g) . for ''I'2'|'' Fatti. (3a| 540 Sad Here CONSOLIDATED STATEMENTS OF CASH FLOWS Apple Inc. (In millions) September 29. Years ended September 30. 201 20 September 24. 2016 45.68 10903 10.157 4.8.20 100 4.210 (62.900) (166) 486 (2003) (8,010) (51) 1.095 9.875 (44) 3.490 (531) R966 (616) 1,125 64.22 (1.006 66.23 (142.428) 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 Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue 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 connection with business aquisitions, net Purchases of non-marketable securities Proceeds from non-marketable securities Other Cash generated by used in) investing activities Financing activities Proceeds from inance of common stock Payments for taxes related to net share settlement of equity awards Payments for dividends and dividend equivalents Repurchases of common stock Proceeds from issuance of term debt, net Repayments of term delt 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 SS.881 47.838 (1945) 31.775 94.564 (329) (17) (ay) (1.388) (924) 16.066 (06.146) 669 (257) (1.570) (29.722) (72.738) 6.969 (1,874) (12.769) (32.900) 28,662 (3.500) 3 (1744) (196 (2.500) (87.876 5.24 S21498 (20.00 (66) $20.08 $10,417 $11.991 $2.092 $10,444 $1,316 What did Apple report for the amount of inventories in its Consolidated Balance Sheet at September 29, 2018? At September 30, 2017? (Give the amounts in thousands of dollars.) 2018 2017 Inventories $ $ Compute the dollar amount of change and the percentage change in inventories between 2017 and 2018. (Round percentages to 1 decimal place, eg. 15.4% and other answer to thousands.) Change in inventories Dollar amounts Percentage Compute inventory as a percentage of current assets for 2018. (Round answer to 1 decimal place, eg. 15.4%) Inventory as a percentage of current assets. What are the cost of sales reported by Apple for 2018, 2017 and 2016? 2018 2017 2016 Product cost of goods sold Compute the ratio of cost of sales to net sales in 2018. (Round percentage to 1 decimal place, eg. 15.2%) Ratio of cost of goods sold to net