The annual report of Apple Inc. is presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company’s website.

Instructions

a. Determine the percentage increase for (1) short-term marketable securities from 2014 to 2015, and (2) long term marketable securities from 2014 to 2015.

b. Using Apple’s consolidated statement of cash flows, determine:

1. Purchases of marketable securities during the current year.

2. How much was spent for business acquisitions, net of cash acquired during the current year.