The financial statements of Apple Inc. are presented in Appendix A. Instructions Refer to Apple's financial statements and answer the following questions.

a. What were Apple's total assets at September 26, 2020? At September 28, 2019?

b. How much cash (and cash equivalents) did Apple have on September 26, 2020?

c. What amount of accounts payable did Apple report on September 26, 2020? On September 28, 2019?

d. What were Apple's net sales in the year ending September 26, 2020? In the year ending September 28, 2019? In the year ending September 29, 2018?

e. What is the amount of the change in Apple's net income from 2019 to 2020?

Data from Appendix A

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Net sales: Products Services Total net sales Cost of sales: Products Services Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Total cost of sales Gross margin Years ended September 26, September 28, September 29, 2020 2019 2018 $ 220,747 53,768 274,515 151,286 18,273 169,559 104,956 $ 213,883 46,291 260,174 144,996 16,786 161,782 98,392 $ 225,847 39,748 265,595 148,164 15,592 163,756 101,839