Use Apple's financial statements in Appendix A to answer the following.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $4$

Did Apple's liquid assets as a percentage of current liabilities improve or worsen as of its fiscal $2022$ year$-$end compared to its fiscal $2021$ year$-$end?

Apple's liquid assets as a percentage of current liabilities

Apple Inc.

CONSOLIDATED BALANCE SHEETS

$($In millions, except number of shares which are reflected in thousands and par value$)$

September $24,2022$

September $25,2021$

ASSETS

$\backslash$table$[[$Current assets$],[$Cash and cash equivalents,$$,23,646,$$$,34,940],[$Marketable securities$,,24,658,,27,699],[$Accounts receivable, net,,$28,184,,26,278],[$Inventories$,,4,946,,6,580],[$Vendor nontrade receivables,,$32,748,,25,228],[$Other current assets,,$21,223,,14,111],[$Total current assets,,$135,405,,134,836],[$Non$-$current assets$],[$Marketable securities$,,120,805,,127,877],[$Property$,$ plant and equipment, net,,$42,117,,39,440],[$Other noncurrent assets,,$54,428,,48,849],[$Total noncurrent assets,,$217,350,,216,166],[$Total assets,$s,352,755,s,351,002]]$

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities