Use Apple's financial statements in Appendix A to answer the following.

Requlred:

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.

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.

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 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.

Note: Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to $1$ decimal place.