6. Calculate the following ratios for both years presented in the balance sheet Show your computations (a) Current ratio (current year) Current assets Current liabilities (prior year) (current year) (1) Quick or Acid-Test ratio Quick assets Current liabilities (prior year) (current year) (c) Debt to total assets ratio - Total liabilities Total assets (prior year) 7. Explain what is rmation each of these raties provides. Use complete setences (a) (6) 8. Compare the current, quick, and debt to total assets ration computed above to Industry averages. (Remember that the debt to totalets ratio may also be called total debt to e- uity.) Your company Industry Current ratio Quick ratio Debt to total assets How do the results for your company compare to industry enger? 9. Refer to the financing activities section of the company's cash now statement Page ( What was the amout of new borowings during each of the years presented (b) What was the act of debt repaid during each of the years presented Current Last year ago (c) Did these activities out in a net increase orders in the company's cash balance? Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 25, 2020 September 28, 2019 ASSETS: Current assets Cash and cash equivalents Marketable securities Accounts receivable.net Inventories Vendor non-trade receivables Other current assets Total current assets 38,016 $ 52.927 16,120 4,061 21,325 11,264 143,713 48,844 51,713 22,926 4,106 22,878 12,352 182,819 Non-current assets Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 100,887 36,766 42,522 180,175 323,888 $ 105,341 37,378 32,978 175,897 338,516 $ LIABILITIES AND SHAREHOLDERS' EQUITY: Current abilities: Accounts payable Other current abilities Deferred revenue Commercial paper Term debit Total current liabiles 42,296 S 42.584 6.643 4996 8.773 105,392 46,236 37.720 5.522 5,980 10,260 105.718 Non-current liabilities Termet Other non-current liabilities Total non-cunet Babies Totalis 98,667 54,490 153.157 258.5-49 91,807 50,503 142310 243,028 Comments and contingendes Shareholders en Common stock and one paid in capital.00001 par value: 50,400,000 shares thorad, 16.970,76 and 17.772,185 share issued and outstanding, respectively Petained earning Accumulated other comprehensiome/ To shareholdersly 5 50,779 14308 (400 69 300 45,174 45.898 90.486 338.518 See accompanying on to Conscadated Focal Statements Meine 100101 Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Years ended September 26, September 28, September 29, 2020 2019 2018 Cash, cash equivalents and restricted cash, beginning balances $ 50,224 $ 25,913 $ 20289 Operating activities Net income 57,411 55,256 59,531 Adjustments to reconcile not income to cash generated by operating activities: Depreciation and amortization 11,056 12.547 10.903 Share-based compensation expense 6,829 6,088 5.340 Deferred income tax benett (215) (340) (32.590) Other (97) (652) (444) Changes in operating assets and liabilities: Accounts receivable, not 6,917 245 (5.322) Inventores (127) (289) 828 Vendor non-trade receivables 1.553 2,931 (8,010) Other current and non-current assets (9,588) 873 (423) Accounts payable (4.062) (1.923) 9.175 Deferred revenue 2,081 (625) (3) Other current and non-current liabilities 8,916 (4.700) 38.449 Cash generated by operating activities 80,674 69,391 77 434 Investing activities: Purchases of marketable securities (114,938) (39,630) (71.356) Proceeds from maturities of marketable securities 69,918 40,102 55,881 Proceeds from sales of marketable securities 50.473 56.988 47,838 Payments for acquisition of property, plant and equipment (7.3091 (10,495) (13,313) Payments made in connection with business acquisitions, net (1,524) (624) Purchase of non-markable securities (210) (1.001) (1.871 Proceeds from non-marketable securities 92 1,634 353 Omer (791) (1.078) Cash generated by used in investing activities (4,289) 45.895 16.066 380 Proceeds from ace of common stock Payments for related to share settlement of equity awards (2.634) Payments for dividends and dividend equivalents (14.081) Repudses of common 172,350) Proceeds from ince of om dette 16.091 Repayment of me (12.629) Repayment of Commercial papel (0631 (120) Cathering 106,620 Increased and rected ca (10.4 Cathcaches and rected cash, ending and 32705 supplement cathowed Cated for income 0.501 5 Cash padomi 2002 5 See sccompago Congold Financial mana 781 (2817) (14,119 (66.897) 6.963 (205) (5.977) (105) (0.976) 669 (2.527) (13,712) (72.730) 6.969 10.500) (37 (87.8762 5.60 25.913 50.2245 10.417 3.02