Question: Please complete the Critical Thinking Problem CT1.1 on Page 1-47 of your textbook. Also listed below. CT1.1 The financial statements of Apple, Inc. are presented

Please complete the Critical Thinking Problem CT1.1 on Page 1-47 of your textbook. Also listed below.

CT1.1 The financial statements of Apple, Inc. are presented in Appendix A of your textbook.

Instructions: (Refer to Apple's Financial Statements and answer the following questions:

  1. What were Apple's total assets at September 26, 2020?
  2. What were Apple's total assets at September 28, 2019?
  3. How much cash (and cash equivalents) did Apple have on September 26, 2020?
  4. What amount of accounts payable did Apple report on September 26, 2020?
  5. What amount of accounts payable did Apple report on September 28, 2019?
  6. What were Apple's net sales in the year ending September 26, 2020?
  7. What were Apple's net sales in the year ending September 28, 2019?
  8. What were Apple's net sales in the year ending September 29, 2018?
  9. What is the amount of the change in Apple's net income from 2019 to 2020?
  10. Which fiscal year was better for Apple, and why? Please explain your answer
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