Question: Using fiscal 2017 as the base year, compute trend percents for fiscal years 2017, 2018, and 2019 for total net sales, total cost of sales,

Using fiscal 2017 as the base year, compute trend percents for fiscalyears 2017, 2018, and 2019 for total net sales, total cost ofsales, operating income, other income (expense) net, provision for income taxes, and
  1. Using fiscal 2017 as the base year, compute trend percents for fiscal years 2017, 2018, and 2019 for total net sales, total cost of sales, operating income, other income (expense) net, provision for income taxes, and net income.
Fiscal 2019 Fiscal 2018 Fiscal 2017
Net Sales 113.5 % % %
Cost of sales 114.7 % % %
Operating income 104.2 % % %
Other income (expense) 65.8 % % %
Provision for income taxes 66.6 % % %
Net income 114.3 % % %
  1. Compute common-size percents for fiscal years 2018 and 2019 for the following categories of assets: (a) total current assets; (b) property, plant and equipment, net; and (c) accounts receivable, net.
2019 2018
Total current assets % %
Property, plant and equipment, net % %
Accounts receivable, net % %

Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions) See accompanying Notes to Consolidated Financial Statements. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value)

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