The following end-of-the-year balance sheets (in millions) were adapted from recent financial statements of Apple (AAPL).

1. Prepare common-sized balance sheets for Apple for Years 1 and 2. Round to one decimal place.

2. Comment on your answer in (1).

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Year 1 Year 2 Current assets: Cash.... $ 20,484 $ 20,289 Marketable securities... 46,671 53,892 Accounts receivable. 15,754 17,874 Inventory 2,132 4,855 Other... 21,828 $106,869 31,735 Total current assets. $128,645 Long-term assets: Long-term marketable securities Property, plant, and equipment..... Other long-term assets .. Total long-term assets .. $170,430 $194,714 27,010 33,783 17,377 18,177 $214,817 $246,674 Total assets.... $321,686 $375,319