Use the table below and Apple's financial statements inAppendix Ato answer the following.

$ millions201720162015Interest expense$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.