The financial statements of Apple Inc. are presented in Appendix A. Instructions for accessing and using the company’s complete annual report, including the notes to the financial statements, are also provided in Appendix A.

Instructions
Answer the following questions.
(a) What was the amount of net cash provided by operating activities for the year ended September 24, 2011? For the year ended September 25, 2010?
(b) What was the amount of increase or decrease in cash and cash equivalents for the year ended September 24, 2011? For the year ended September 25, 2010?
(c) Which method of computing net cash provided by operating activities does Apple use?
(d) From your analysis of the 2011 statement of cash flows, did the change in accounts and notes receivable require or provide cash? Did the change in inventories require or provide cash? Did the change in accounts payable and other current liabilities require or provide cash?
(e) What was the net outflow or inflow of cash from investing activities for the year ended September 24, 2011?
(f) What was the amount of income taxes paid in the year ended September 24, 2011?