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 Marketable securities Accounts receivable Inventory.. Other Total current assets .11,233 27,219 2,111 14.124 68,531 13,844 21,120 20,481 30,343 2,349 89378 Long-term assets: Long-term marketable securities Property, plant, and equipment Other long-term assets Total long-term assets $130,162 $164,065 22,471 14,565 $201,101 . $231,839$290,479 20,624 12,522 $163,308 Total assets.... Current liabilities: Accounts payable and similar liabilities. 48,649 60,671 2,500 17,439 $80,610 56,84490514 $120,292 $171,124 Current portion of long-term debt.. Other Total current liabilities 14,799 63,448 Long-term liabilities Total liabilities Stockholders' equity Common stock Retained earnings Other items Total stockholders' equity $ 23,313 87,152 1,082 27,416 92,284 45) 111,547 $119355 $231,839 $290479 Total liabilities and stockholders' equity