Use Apple’s financial statements in Appendix A to answer the following.

1. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 29, 2018, and (b) September 30, 2017.

2. Compute cash and cash equivalents as a percent (rounded to one decimal) of total current assets, total current liabilities, total shareholders’ equity, and total assets at fiscal year-end for both 2018 and 2017.

3. Compute the percent change (rounded to one decimal) between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended (a) September 29, 2018, and (b) September 30, 2017.

4. Compute the days’ sales uncollected (rounded to one decimal) as of (a) September 29, 2018, and (b) September 30, 2017.

5. Does Apple’s collection of receivables show a favorable or unfavorable change?