Use Apple's financial statements in Appendix A to answer the following. Required: 1. Using fiscal 2017 as the base year, compute trend percents for fiscal years 2017,2018 , and 2019 for total net sales, total cost of sales, operating income, other income (expense) net, provision for income taxes, and net income. 2. Compute common-size percents for fiscal years 2018 and 2019 for the following categories of assets: (a) total current assets; (b) property, plant and equipment, net, and ( c ) accounts receivable, net. 3. Using current assets as a percent of total assets to measure liquidity, did Apple's asset makeup become more liquid or less liquid in 2019 ? Complete this question by entering your answers in the tabs below. Using current assets as Required 2 of total assets to measure liquidity, did Apple's asset makeup become more liquid or less liquid in 2019? Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) LUBILTIES AND SHARFHOLDERS' EQUTTY A.2 Aperendia A Fiqances foreitient ietor midion u Apple Inc. CONSOIIDATFD STATHNINTS OF OPFRATIONS * Sec accempanying Noker io Coesolidard Financha Sumemean Apple lac. CONSOI.DDATHD STATFMENTS OF COMPREITTNSTVE INCOMTE Sse accompanyag Nokes bo Comalidand Finakea Scaenean. A nnla Inr Apple Ine: CONSOLIDATEDSTATEMENTS OF CASI FLOWS Vean ended Cait, cah nquivalente and rentzint cash be phineng hy mecrs Operaling artivities Nert incuene As minat. Adjustinis to rocuncile ner iccerse B aid pracratod, by eperaing activitics: Depmciation ahd ammizatice Stare hased compenautise myerse Deferred iscome an expense (hemelith) Diner Qungrs it aperutisg arvess and labiluies Asconts rttrivalle, net Investuries Vender min lnale receivatles Oher twrtet and nut-carremt avotts Aconusis payable 127? Dellerred irvenue Ober darmat and now enrmmi liatulibir Cash getheriled by cocralisy activitim r. (6) 10,903 10.157 See acenmpanyier Noxes th Cobsolifichd Finamcial Simimenti Complete this question by entering your answers in the tabs below. Using fiscal 2017 as the base year, compute trend percents for fiscal years 2017, 2018, and 2019 for total net saies, total cost of sales, operating income, other income (expense) net, provision for income taxes, and net income. Noter Input ail the valves as positive numbers. Enter your answers in mililons. Round your percentage answers to 1 decimal place. Complete this question by entering your answers in the tabs below. Compute common-size percents for fiscal years 2018 and 2019 for the following categories of assets: (a) total current assets; (b) property, plant and equipment, net; and (c) accounts receivable, net. Note: Enter your answers in millions. Round your percentage answers to 1 decimal place