Use Apples financial statements in Appendix A to answer the following. Required: 1. What is the amount of Apples accounts receivable as of September 30, 2017? 2. Compute Apples accounts receivable turnover as of September 30, 2017. 3. How long does it take, on average, for the company to collect receivables for fiscal year ended September 30, 2017? 4. Apples most liquid assets include (a) cash and cash equivalents, (b) short-term marketable securities, (c) accounts receivable, and (d) inventory. Compute the percentage that these liquid assets (in total) make up of current liabilities as of September 30, 2017, and as of September 24, 2016. 5. Did Apples liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2017 year-end compared to its fiscal 2016 year-end?

Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Changes in operating assets and liabilities: See accompanying Notes to Consolidated Financial Statements. Use Apple's financial statements in Appendix A to answer the following. Required: 1. What is the amount of Apple's accounts receivable as of September 30, 2017? 2. Compute Apple's accounts receivable turnover as of September 30, 2017. 3. How long does it take, on average, for the company to collect receivables for fiscal year ended September 30 , 2017? 4. Apple's most liquid assets include (a) cash and cash equivalents, (b) short-term marketable securities, (c) accounts receivable, and (a) inventory. Compute the percentage that these liquid assets (in total) make up of current liabilities as of September 30, 2017, and as of September 24, 2016. 5. Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2017 year-end compared tc its fiscal 2016 year-end? Complete this question by entering your answers in the tabs below. What is the amount of Apple's accounts receivable as of September 30, 2017? (Enter your answer in millions.) Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Changes in operating assets and liabilities: See accompanying Notes to Consolidated Financial Statements. Use Apple's financial statements in Appendix A to answer the following. Required: 1. What is the amount of Apple's accounts receivable as of September 30, 2017? 2. Compute Apple's accounts receivable turnover as of September 30, 2017. 3. How long does it take, on average, for the company to collect receivables for fiscal year ended September 30 , 2017? 4. Apple's most liquid assets include (a) cash and cash equivalents, (b) short-term marketable securities, (c) accounts receivable, and (a) inventory. Compute the percentage that these liquid assets (in total) make up of current liabilities as of September 30, 2017, and as of September 24, 2016. 5. Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal 2017 year-end compared tc its fiscal 2016 year-end? Complete this question by entering your answers in the tabs below. What is the amount of Apple's accounts receivable as of September 30, 2017? (Enter your answer in millions.)