Use Apple Inc.€™s balance sheets given here to answer the questions that follow.

Requirements
1. What date marks the end of Apple€™s most recent fiscal year?
2. Did Apple earn a net income or net loss during the most recent fiscal year? How can you tell?
3. Did the owners of Apple make any capital contributions during the most recent fiscal year (or did Apple get some new owners)?
4. Did Apple buy or sell any property, plant, or equipment during the most recent fiscal year? How can you tell?
5. On the last day of the most recent fiscal year, did Apple have any debts? If so, what was the totalamount?

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Apple Inc. Consolidated Balance Sheets (in millions, except share amounts) September 27, September 29 Assets: Current assets: 2008 2007 Cash and cash equivalents Short-term investments Accounts receivable, less allowances of $47 in each period nventones Deferred tax assets .. Other current assets $11,875 9,352 12,615 6,034 2,422 1,637 346 782 5.822 3,805 34,690 21,956 2,4551,832 38 299 1,935 1,222 $39,572 $25,347 509 1,447 Total currents assets Goodwil Acquired intangible assets, net Other assets···· 207 285 Total assets .. Liabilities and Stockholders' Equity Current liabilities: $ 5,520 $ 4,970 8,5724,310 14,092 9,280 4,460 1,635 18.542 10,815 Accounts payable Accrued expenses. . Total current liabilities Non-current liabilities Total liabilities Commitments and contingencies Stockholders' equity: Common stock, no par value; 1,800,000,000 shares authorized; 888,326,973 and 872,328,972 shares issued 7,177 5,368 13,845 9,101 63 21,030 14,532 Retained earnings .. .. Accumulated other comprehensive income.. Total shareholders equity