Required: Using Apple's 10-K, answer the following questions (Hint: It may be easier to use the Word or the PDF file, and use the search feature within the program.): 1. Calculate Apple's current, quick, and cash ratios for 2018 and 2019. The industry averages for these ratios for 2019 were 1.72, 1.41, and 0.77, respectively. Round your answers to two decimal places. 2019 2018 Current Ratio Quick Ratio Cash Ratio Comment on Apple's short-term liquidity. For 2019, Apple is below the industry average for the current and quick ratio, but is above the industry average for the cash ratio. However, because there is little concern about Apple's ability to sell its inventories, the current ratio provides relatively high confidence that Apple will be able to meet its short-term obligations.