Use Apple's financial statements in Appendix A to answer the following 1. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018. 2. Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at fiscal year-end for both 2019 and 2018. 3. Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018, 4. Compute the days' sales uncollected as of (a) September 28, 2019, and (b) September 29, 2018. 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018. (Enter your answers in millions.) Sin millions a. September 28, 2019 b. September 29, 2018 1. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018. 2. Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at fiscal year-end for both 2019 and 2018 3. Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018 4. Compute the days' sales uncollected as of (a) September 28, 2019, and (b) September 29, 2018 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required S Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at fiscal year-end for both 2019 and 2018. (Round percentage values to 1 decimal place.) $ millions Balance September 28, 2019 Cash and equivalents as % of Balance September 29, 2018 Cash and equivalents as % of Cash and cash equivalents 48,844 $ 25,913 Current assets 162,819 % 131,339 % Current liabilities 105,718 115,929 Shareholders' equity 90,488 107,147 Total assets 338,516 365,725 Prev 1 of 1 Next > Use Apple's financial statements in Appendix A to answer the following. 1. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018. 2. Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at fiscal year-end for both 2019 and 2018. 3. Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018, 4. Compute the days' sales uncollected as of (a) September 28, 2019, and (b) September 29, 2018. 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018. (Round percentage values to 1 decimal place.) a. Per the statement of cash flows for year ended September 28, 2019: b. Per the statement of cash flows for year ended September 29, 2018: Percent Change % < Required 2 Required 4 > Use Apple's financial statements in Appendix A to answer the following. 1. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018. 2. Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at fiscal year-end for both 2019 and 2018. 3. Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018. 4. Compute the days' sales uncollected as of (a) September 28, 2019, and (b) September 29, 2018. 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 4 Compute the days' sales uncollected as of (a) September 28, 2019, and (b) September 29, 2018. (Assume there are 365 days in a year. Round your answers to 1 decimal place.) Days' Sales Uncollected a. September 28, 2019 b. September 29, 2018 days days Use Apple's financial statements in Appendix.A to answer the following. 1. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018. 2. Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at fiscal year-end for both 2019 and 2018. 3. Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 28, 2019, and (b) September 29, 2018. 4. Compute the days' sales uncollected as of (a) September 28, 2019, and (b) September 29, 2018. 5. Does Apple's collection of receivables show a favorable or unfavorable change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Requires Does Apple's collection of receivables show a favorable or unfavorable change? Does Apple's collection of receivables show a favorable or unfavorable change? Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Current assets Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets Marketable securities Property, plant and equipment, net Other non-current assets Total assets Total non-current assets ASSETS September 28, 2019 LIABILITIES AND SHAREHOLDERS' EQUITY September 29, 2018 48,844 $ 25,913 51,713 40.388 22,926 23,186 4,106 3,956 22,878 25,809 12,352 12,087 162,819 131,339 105,341 170,799 37,378 41,304 32,978 22,283 175,697 234,386 338,516 365,725 Current liabilities Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities Term debt Other non-current liabilities Total non-current liabilities Total liabilities $ 46,236 55,888 37,720 33,327 5,522 5,966 5,980 11,964 10,260 8,784 105,718 115,929 91,807 93,735 50,503 48.914 142,310 142,649 248,028 258,578 Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 4,443,236 and 4,754,986 shares issued and outstanding, respectively 45,174 40,201 Retained earnings 45,898 70,400 Accumulated other comprehensive income (loss) (584) (3,454) Total shareholders' equity 90,488 107,147 Total liabilities and shareholders' equity $ 338,516 365,725 See accompanying Notes to Consolidated Financial Statements. Years ended Net sales: Products Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) September 28, 2019 September 29, 2018 September 30, 2017 $ 213,883 225,847 S 196,534 Services Total net sales Cost of sales: Products 46,291 39,748 32,700 260,174 265,595 229,234 144,996 148,164 126,337 Services 16,786 15,592 14,711 Total cost of sales 161,782 163,756 141,048 Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses 98,392 101,839 88.186 16,217 14,236 11.581 18,245 16,705 15,261 34.462 30,941 26,842 Operating income 63,930 70,898 61,344 Other income (expense), net 1,807 2,005 2,745 Income before provision for income taxes 65,737 72,903 64,089 Provision for income taxes 10,481 13,372 15,738 Net income 55.256 59.531 48,351 Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted Years ended Net income 11.97 $ 12.01 $ 9.27 11.89 $ 11.91 9.21 4,617,834 4,648,913 See accompanying Notes to Consolidated Financial Statements. 4,955,377 5,217,242 5,000,109 5,251,692 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) September 28, 2019 55,256 September 29, 2018 September 30, 2017 $ 59,531 $ 48,351 (525) 224 Other comprehensive income (loss): Change in foreign currency translation, net of tax (408) Change in unrealized gains/losses on derivative instruments, net of tax: Change in fair value of derivatives (661) 523 1,315 Adjustment for net (gains) losses realized and included in net income Total change in unrealized gains/losses on derivative instruments Change in unrealized gains/losses on marketable securities, net of tax: Change in fair value of marketable securities Adjustment for net (gains) losses realized and included in net income 23 382 (1,477) (638) 905 (162) 3,802 (3,407) (782) 25 (64) Change in fair value of marketable securities 3,802 (3,407) (782) Adjustment for net (gains) losses realized and included in net income Total change in unrealized gains/losses on marketable securities Total other comprehensive income (loss) Total comprehensive income 25 (64) 3,827 (3,406) (846) 2,781 (3,026) (784) 58,037 $ 56,505 $ 47,567 See accompanying Notes to Consolidated Financial Statements. W4790 AA-A16.indd 21 FINAL PAGES 8/22/20 11:45 AM Appendix A Financial Statement information. A-3 Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions) Years ended September 28, 2019 Total shareholders' equity, beginning balances 107,147 September 29, 2018 134.047 September 30, 2017 S Common stock and additional paid-in capital Beginning balances 40,201 Common stock issued 781 35.867 669 128,249 31,251 355 Common stock withheld related to net share settlement of equity awards (2,002) (1.778) Share-based compensation 6,194 5,443 (1,468) 4909 Tax benefit from equity awards, including transfer pricing adjustments 620 Ending balances 45,174 40,2011 35.307 Retained earnings Beginning balances 70,400 98,330 96.364 aptara EC APPLE Tax benefit from equity awards, including transfer pricing adjustments Ending balances 620 45.174 40,201 35,867 Retained earnings Beginning balances 70,400 98,330 96,364 Net income 55,256 59,531 Dividends and dividend equivalents declared (14,129) (13,735) 48.351 (12,803) Common stock withheld related to net share settlement of equity awards (1,029) (948) Common stock repurchased (67,101) (73,056) Cumulative effects of changes in accounting principles 2,501 278 Ending balances 45,898 70,400 (581) (33,001) 98,330 Accumulated other comprehensive income (loss) Beginning balances Other comprehensive income (loss) (3,454) (150) 634 2,781 (3,026) (784) Cumulative effects of changes in accounting principles 89 (278) Ending balances (584) (3,454) (150) Total shareholders' equity, ending balances 90,488 $ 107,147 134,047 See accompanying Notes to Consolidated Financial Statements. Years ended Cash, cash equivalents and restricted cash, beginning balances Operating activities Net income Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense (In millions) $ September 28, 2019 September 29, 2018 September 30, 2017 25,913 $ 20,289 $ 20,484 55,256 59,531 48,351 12,547 10,903 10,157 6,068 5,340 4,840 Deferred income tax expense (benefit) (340) (32,590) 5,966 Other (652) (444) (166) Changes in operating assets and liabilities: Accounts receivable, net 245 (5,322) (2,093) Inventories (289) 828 (2,723) Vendor non-trade receivables 2,931 (8,010) (4,254) Other current and non-current assets 873 (423) (5,318) Accounts payable (1,923) 9,175 8,966 Deferred revenue (625) (3) (593) Other current and non-current liabilities (4,700) 38,449 1,092 69,391 77,434 64,225 Cash generated by operating activities Investing activities Purchases of marketable securities (39,630) (71,356) (159,486) Proceeds from maturities of marketable securities 40,102 55,881 31,775 Proceeds from sales of marketable securities 56,988 47,838 94,564 Payments for acquisition of property, plant and equipment (10,495) (13,313) (12,451) Payments made in connection with business acquisitions, nt (624) (721) Purchases of non-marketable securities (1,001) (1,871) Proceeds from non-marketable securities 1,634 353 (329) (521) 126 Other (1,078) (745) (124) Cash generated by (used in) investing activities 45,896 16,066 (46,446) Financing activities Proceeds from issuance of common stock 781 669 555 Payments for taxes related to net share settlement of equity awards (2,817) (2,527) (1,874) Payments for dividends and dividend equivalents (14,119) (13,712) (12,769) Repurchases of common stock (66,897) (72,738) (32,900) Proceeds from issuance of term debt, net 6,963 6,969 28,662 Repayments of term debt (8,805) (6,500) Proceeds from (Repayments of) commercial paper, net (5,977) (37) (3,500) 3,852 Other (105) Cash used in financing activities Increase (decrease) in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, ending balances Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest (90,976) (87,876) 24,311 5,624 (17.974) (195) 50,224 $ 25,913 $ 20,289 15,263 10,417 S 11,591 3,423 $ 3,022 2.092