Use Apple's financial statements in Appendix A to answer the following. 1. What is the amount of Apple's accounts receivable as of September 29. 2018? 2 Compute Apple's accounts receivable turnover as of September 29, 2018. 3. Apple's most liquid assets include (a) cash and cash equivalents. (b) marketable securities (current). (c) accounts receivable, and (o) inventory. Compute the percentage that these liquid assets (in total) make up of current liabilities as of September 29 . 2018 , and as of September 30, 2017 4. Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2018 year-end compared to its fiscal 2017 year-end? Complete this question by entering your answers in the tabs below. What is the amount of Apple's accounts receivable as of September 29, 2018? Note: Enter your answer in millions. Use Apple's financial statements in Appendix A to answer the following. 1. What is the amount of Apple's accounts receivable as of September 29. 2018? 2 Compute Apple's accounts receivable turnover as of September 29, 2018. 3. Apple's most liquid assets include (a) cash and cash equivalents. (b) marketable securities (current). (c) accounts receivable, and (d) inventory. Compute the percentage that these liquid assets (in total) make up of current liabilities as of September 29 . 2018 . and as of September 30,2017 4. Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2018 year-end compared to its fiscal 2017 year-end? Complete this question by entering your answers in the tabs below. Compute Apple's accounts receivable turnover as of September 29, 2018. Note: Round your answer to 1 decimal place. Complete this question by entering your answers in the tabs below. Apple's most liquid assets include (a) cash and cash equivalents, (b) marketable securities (current), (c) accounts receivable, and (d) inventory. Compute the percentage that these liquid assets (in total) make up of current liabilities as of September 29,2018 , and as of September 30, 2017. Note: Round your percentage answers to 1 decimal place. Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2018 year-end compared to its fiscal 2017 year-end? Apple's liquid assets as a percentage of current liabilities Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) LIABILITIES AND SHAREHOLDERS' EQUITY Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended Net income Other comprehensive income/(loss): Change in foreign currency translation, net of tax effects of 5(1),5(77) and $8, respectively (525) 224 75 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit (expense) of $(149),$(478) and $(7), respectively Adjustment for net (gains) losses realized and included in net income, net of tax expense (benefit) of \$(104), $475 and \$131, respectively 382 (1,477) (741) Total change in unrealized gains/losses on derivative instruments, net of tax 905 (162) (734) Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit (expense) of $1,156,$425 and $(863), respectively Adjustment for net (gains) losses realized and included in net income, net of tax expense (benefit) of $21,$35 and $(31), respectively Total change in unrealized gains/losses on marketable See accompanying Notes to Consolidated Financial Statements. Apple Inc. See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Years ended 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) Dther Changes in operating assets and liabilities: Financing activities: Supplemental cash flow disclosure: See accompanying Notes to Consolidated Financial Statements