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

Instructions
Use the company’s financial statements and notes to the financial statements to answer the following questions.
a. What were Apple’s total long-term liabilities at September 24, 2016? What was the increase/decrease in Apple’s total long-term liabilities from the prior year?
b. How much was the long-term debt at September 24, 2016?
c. What were the components of total long-term liabilities on September 24, 2016?