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 28, 2019, 

(b) September 29, 2018. 

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 2019 and 2018. 

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 28, 2019, 

(b) September 29, 2018. 

The beginning balance of cash and cash equivalents is $20,289 (millions) for fiscal year 2018. 

4. Compute the days’ sales uncollected (rounded to one decimal) as of 

(a) September 28, 2019, 

(b) September 29, 2018. 

5. Does Apple’s collection of receivables in part 4 show a favorable or unfavorable change?