Use the table below and Apple's financial statements in Appendix A to answer the following. $ millions Interest expense 2017 2016 2015 $ 2,323 $1,456 $ 733 Required: 1. Compute times interest earned for each of the three years shown. 2. Is Apple in a good or bad position to pay interest obligations? Assume an industry average of 10. 3. Identify Apple's total accrued expenses in 2017. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Identify Apple's total accrued expenses in 2017. (Enter your answers in millions of dollars.) Apple's total accrued expenses million Required 2 Renuired 3 Apple Inc. CONSOLIDATED BALANCE SHEETS Super 24, 2016 30 IN Cuent Cash and earn againadian Ancave, local and $83, petioly Wonder de moebler Der Totalcumenti 46511 15.754 2.000 116 1901 17640 5317 Acquiredbe, 1.16 SESTS LIABILITIES AND SHAREHOLIERS BOCITY Aca 2515 10 Tal como Deme. Logid 29 2 415 24272 OM 1024 Share 13.10. 38.367 330 11:30 514 120 ST The city 35 Sorry to Oled Prescial Street Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS de more here there which reflected in and perhe Years 215.6 Selber , 11.15 BODNO Rarands and are tagarians 11,5 15 115 14194 3.067 14139 Other noe lenge, 22 15,38 15. 4547 10121 51 Brings pero 9.33 2.18 XS Sheen Ded Cat despre 5,351,421 3.790.00 5.50 2.18 Serey Code Pendellenes Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Yours ended 451 45.63 Cele mai curacy, 234 75 NES 2.300 Capelle aldre.be STYL STI androgy den for et solids included income Taliary is aalaal paathaarathan Internet 11611 1734 1991 expense 438.35 36 mpectively Adjustment for et prends included in come. of 18.01.dively nel 144 12 Apple Inc. CONSOLIDATED STATEMENTS OF SHARE OLDERS' EQUITY Orderop here the reflected in the Come Th Rated Bulon se September 21,200 (IAT) Evidence sainainaa andaane po Swebu 37.404 353 27416 119,153 999 111.15 12.18 III transfer pricing Balaceae Super 2005 palamain teams fary) Devidend and drnet-nutes lont- pech mmy virk Como cheewield The benefit from any ward including Balanced Super 24, 2016 Chorchenstvenom - Durations and dridorest agi nicate -une Spot Secured 27,003 CH 3 1323 12.15 43 12.00 ich Balanced Super 30, 2017 Se companying Mano Codice CONSOLIDATED STATEMENTS OF CASH FLOW Younded Spieber 2 Spiceber,20 Septer 18, 2015 Candomblents. being the you 21.130 13 92 Acced 10.197 17 Sherohud computing 12 95 45 Changes in pering word A movible derde robles Dress Deerd 31 1231 13731 GI 1307 Son G Carted by pet Manchester The front doo Prasad. for alot of marinalla de la cibule, 21.356 (12,451) (1.3 h cho don virginge the renta. nei. Cehedintings 06.10 505 sarashatants Pays de los equity and Meph como debet CIL 24.22 24954 (17,7) Caledicina thereas it is a Chandcubes end of the you 20:48 66 MERE (17.216 7275 S 11213 514 1,365 Advor conts are expand an incarred and included is Selling and drive expenses. Other Income and Expense 2017 2016 2015 55.200 53.990 52,901 70 57723 91 estite se lives of the change from the following table summarizes the components of acquired a five years. Depecic and action came on stangible asset tulences as of September 30, 2017 property and cope ww 2N Stand Artespenne relaxed to acquired intangible acts 59.2 Wellion during 2017, 2016 and 2015. respectively was $1.2 billion in 2017, Caniglie Cat $13.55T 52185 Machinery.com 4210 44,543 Defendo 57,900 S5.2005 2.10 5512 79.00 245 Naramallad ST Total re. In 1 Fair Valse Micasaremos Leg Led Acting Contestand her The Company applies fair vahae accounting for all fin Acquired Intangible Assets cial acts and liabilities and financial acts and The Company rexices property, plant and equipment, is abilitat sognized a doctor far values in wi i focal bir TE 5 TI 3 06 657 3.21 0333 279 2 7819 11 elasted prices in the markets Sidarticles lubliek 2-ci her than qued prices in iverkets for ideals and abilities.eed prices Fahri or identical or similar users or limites in inactive math qurice ets, or the inputs has chorable or can be certs. Secondo ated by herville marked finally the full Pinguri er the celice Level 3-Lapus Beropeilly observable and typically decine di S340 12:30 2.18 S T de management's estimate of spices Darker ticienswould use in pring the asset or liability the Company's valstique wed to meet the Segment Information and Geographic Data air vala of money market fonds and certain surketable quity scaries were derived from outed prices in acie 31.700 markets for identical assets or liabilities. The valurin 19,322 20 thiques used to measure the fair value of the Company's 22.01 which he counterparties with high credt ruing, weet aland bed quid surket prices or mandel-den val wie sie is derived from or combo ated by observable market In accendance with the far vale conting require nests, cepusies may co to mergine financial radments and crisis ather is far value. The Company has setelmed the fair value in for any eli SH 52.72 51,15 Ne financial instruments crved Warranty and Indemnification The following table shows changes in the Company's rued warranties and related costs for 2017 and 2016 54,754 SIT, Begang araw 54,780 tant af wateauty #la H. Endinger om 18 515,190 55.0 SO 5518 As of Steer 30, 2017, the Company had standing condition of the Company's segmentering sting and date with vario come to the Consolidated States of Operations for regale pricipant of S1080 blondecvely he's The Nerd 2017,2016 2015 is a Sillows: and interest is payable in anteers The Company recogid 2.2 , 51 bilis and 5776 STO 722 senteret expertiser det for 2017 Med develop As of September 30, 2017 and Sperber 24, 2016, the (1045 Wir vele of the Company's Notes, based on Level 2 inputs, Oro 5106.1 billion and S7, respectively Toate 55,715 $15.95 S 15.09 SRESO ROST 2131