A condensed statement of cash flows for Apple Inc. for the year ended September 27, 2008, is shown here. Use it to answer the questions given after the statement.

Requirements
1. What was Apple€™s net cash flow related to operating activities during the year?
2. What was Apple€™s net cash flow related to investing activities during the year?
3. What was Apple€™s net cash flow related to financing activities during the year?
4. If you were to look at Apple€™s balance sheets for the two most recent fiscal years, what amount would be shown on each for cash (and cashequivalents)?

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Apple Inc. Statement of Cash Flows (adapted) For the Year Ended September 27, 2008 in millions Cash and cash equivalents, beginning of the year 9,352 9.596 Cash generated by operating activities Investing Cash Flows: Purchase of short-term investments Proceeds from maturities of short-term investments Proceeds from sales of short-term investments Purchase of property, plant, and equipment Other (22,965) 11,804 4,439 (1,091) 376 18, 189) Cash (used in) generated by investing activities Financing Cash Flows: Proceeds from issuance of common stock Other (net) 483 633 1,116 Cash generated by financing activities Increase in cash and cash equivalents Cash and cash equivalents, end of the year $11,875