2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FYAssets ($000) Cash and Equivalents 110,741 48,194 24,011 8,831 24,030 21,740 Cash & Short Term Investments 110,741 48,194 24,011 8,831 24,030 21,740Accounts Receivable 116,306 69,849 86,522 83,261 147,990 122,873Other Receivables 14,150 17,183 26,243 39,528 23,886 23,076 Total Receivables 130,455 87,032 112,764 122,789 171,876 145,949Inventory 124,043 218,106 247,274 404,076 406,416 349,412Prepaid Exp. 0 0 0 0 21,446 24,957Other Current Assets 22,493 10,848 39,816 43,890 55,733 13,833 Total Current Assets 387,731 364,179 423,864 579,585 679,500 555,890Gross Property, Plant & Equipment 811,788 981,374 1,476,285 1,746,500 1,898,496 1,971,074Accumulated Depreciation (139,617) (174,870) (208,482) (271,098) (336,746) (409,476) Net Property, Plant & Equipment 672,171 806,504 1,267,803 1,475,402 1,561,751 1,561,598Long-term Investments 396 1,035 165 215 165 165Goodwill 5,465 5,465 9,039 98,318 96,284 96,284Other Intangibles 4,869 12,150 24,642 59,637 89,447 141,701Other Long-Term Assets 26,147 1,190 68 21,126 80 8,330 Total Non- Current Assets 709,047 826,343 1,301,717 1,654,697 1,747,725 1,808,076Total Assets 1,096,778 1,190,522 1,725,581 2,234,282 2,427,225 2,363,966Liabilities ($000) Accounts Payable 52,479 82,992 123,183 160,413 151,682 210,683Accrued Exp. 160,647 145,305 200,847 197,495 244,421 274,002Short-term Borrowings 108,672 73,982 149,439 154,256 0 88,328Curr. Port. of LT Debt 0 0 0 0 50,000 0Current Portion of Leases 0 0 0 6,633 4,865 6,452Curr. Income Taxes Payable 20,841 41,087 43,830 36,842 0 0Other Current Liabilities 5,856 11,675 41,940 21,471 16,155 83,912 Total Current Liabilities 348,495 355,040 559,239 577,109 467,121 663,375Long-Term Debt 125,456 145,598 374,223 640,131 689,376 443,388Long-Term Leases 0 0 0 22,257 17,663 37,125Def. Tax Liability, Non-Curr. 50,229 36,546 37,551 80,817 89,150 62,799Other Non-Current Liabilities 7,526 16,221 16,029 7,208 13,245 34,685 Total Non-Current Liabilities 183,210 198,365 427,803 750,413 809,433 577,997Total Liabilities 531,705 553,404 987,042 1,327,521 1,276,554 1,241,372Equity ($000) 0 0 0 0 0 0Common Stock 402,111 402,111 402,111 402,816 697,161 697,161Retained Earnings 137,975 249,806 373,163 483,009 440,333 498,117Comprehensive Inc. and Other 24,987 (14,799) (36,735) 20,936 13,178 (72,684) Total Common Equity 565,073 637,118 738,539 906,761 1,150,671 1,122,594Total Equity 565,073 637,118 738,539 906,761 1,150,671 1,122,594Total Liabilities And Equity 1,096,778 1,190,522 1,725,581 2,234,282 2,427,225 2,363,966

2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FYAssets ($000) Cash and Equivalents 110,741 48,194 24,011 8,831 24,030 21,740 Cash & Short Term Investments 110,741 48,194 24,011 8,831 24,030 21,740Accounts Receivable 116,306 69,849 86,522 83,261 147,990 122,873Other Receivables 14,150 17,183 26,243 39,528 23,886 23,076 Total Receivables 130,455 87,032 112,764 122,789 171,876 145,949Inventory 124,043 218,106 247,274 404,076 406,416 349,412Prepaid Exp. 0 0 0 0 21,446 24,957Other Current Assets 22,493 10,848 39,816 43,890 55,733 13,833 Total Current Assets 387,731 364,179 423,864 579,585 679,500 555,890Gross Property, Plant & Equipment 811,788 981,374 1,476,285 1,746,500 1,898,496 1,971,074Accumulated Depreciation (139,617) (174,870) (208,482) (271,098) (336,746) (409,476) Net Property, Plant & Equipment 672,171 806,504 1,267,803 1,475,402 1,561,751 1,561,598Long-term Investments 396 1,035 165 215 165 165Goodwill 5,465 5,465 9,039 98,318 96,284 96,284Other Intangibles 4,869 12,150 24,642 59,637 89,447 141,701Other Long-Term Assets 26,147 1,190 68 21,126 80 8,330 Total Non- Current Assets 709,047 826,343 1,301,717 1,654,697 1,747,725 1,808,076Total Assets 1,096,778 1,190,522 1,725,581 2,234,282 2,427,225 2,363,966Liabilities ($000) Accounts Payable 52,479 82,992 123,183 160,413 151,682 210,683Accrued Exp. 160,647 145,305 200,847 197,495 244,421 274,002Short-term Borrowings 108,672 73,982 149,439 154,256 0 88,328Curr. Port. of LT Debt 0 0 0 0 50,000 0Current Portion of Leases 0 0 0 6,633 4,865 6,452Curr. Income Taxes Payable 20,841 41,087 43,830 36,842 0 0Other Current Liabilities 5,856 11,675 41,940 21,471 16,155 83,912 Total Current Liabilities 348,495 355,040 559,239 577,109 467,121 663,375Long-Term Debt 125,456 145,598 374,223 640,131 689,376 443,388Long-Term Leases 0 0 0 22,257 17,663 37,125Def. Tax Liability, Non-Curr. 50,229 36,546 37,551 80,817 89,150 62,799Other Non-Current Liabilities 7,526 16,221 16,029 7,208 13,245 34,685 Total Non-Current Liabilities 183,210 198,365 427,803 750,413 809,433 577,997Total Liabilities 531,705 553,404 987,042 1,327,521 1,276,554 1,241,372Equity ($000) 0 0 0 0 0 0Common Stock 402,111 402,111 402,111 402,816 697,161 697,161Retained Earnings 137,975 249,806 373,163 483,009 440,333 498,117Comprehensive Inc. and Other 24,987 (14,799) (36,735) 20,936 13,178 (72,684) Total Common Equity 565,073 637,118 738,539 906,761 1,150,671 1,122,594Total Equity 565,073 637,118 738,539 906,761 1,150,671 1,122,594Total Liabilities And Equity 1,096,778 1,190,522 1,725,581 2,234,282 2,427,225 2,363,966

Cash $ 44,210Short-term investments 9,800Accounts receivable 42,000Inventory 244,000Prepaid expenses 14,990Accounts payable 90,000Salaries payable 23,500Multiple Choice1.110.853.134.130.97

(Amounts Expressed in Millions) 2020 2019For the Fiscal Years Ended September 26 and September 28, respectively:Net sales $ 274,515 $ 260,174Costs of sales 169,559 161,782Operating income 66,288 63,930Net income $ 57,411 $ 55,256At Year-End: Assets    Current assets:    Cash and cash equivalents $ 38,016 $ 48,844Short-term marketable securities 52,927 51,713Accounts receivable, net 16,120 22,926Inventories 4,061 4,106Vendor non-trade receivables 21,325 22,878Other current assets 11,264 12,352Total current assets 143,713 162,819Noncurrent assets:    Long-term marketable securities 100,887 105,341Property, plant, and equipment, net 36,766 37,378Other noncurrent assets 42,522 32,978Total noncurrent assets $ 180,175 $ 175,697Total assets $ 323,888 $ 338,516Liabilities and Shareholders’ Equity    Current liabilities:    Accounts payable $ 42,296 $ 46,236Other current liabilities 42,684 37,720Deferred revenue 6,643 5,522Commercial paper 4,996 5,980Current portion of term debt 8,773 10,260Total current liabilities 105,392 105,718Noncurrent liabilities:    Noncurrent portion of term debt 98,667 91,807Other noncurrent liabilities 54,490 50,503Total noncurrent liabilities 153,157 142,310Total liabilities 258,549 248,028Shareholders’ equity:    Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976,763 and 17,772,945 shares issued and outstanding, respectively 50,779 45,174Retained earnings 14,966 45,898Accumulated other comprehensive income/(loss) (406) (584)Total shareholders’ equity 65,339 90,488Total liabilities and shareholders’ equity $ 323,888 $ 338,516At September 29, 2018, total assets were $365,725 and total shareholders’ equity was $107,147.Required:Calculate Apple Incorporated’s working capital, current ratio, and acid-test ratio at September 26, 2020, and September 28, 2019.

Cash BookCr2019$2019$1-JunBalance b/d4,2305-JunR. Red5407-JunP. Ryan18612-JunJ. Rebus1,55716-JunG. Grey22516-JunY. Yale12328-JunJ. Jim67229-JunBlister Disco6630-JunT. Fling1,74630-JunBalance c/d4,7737,0597,059 Bank StatementJune 2019DrCrBalance$$$1Balance b/d4,2307Cheque1864,4165R. Red5403,87616Cheque2254,10117J. Rebus1,5572,54418Y. Yale1232,42128Cheque6723,09329SLM standing order1562,93730G.Rice: trader's credit1923,12930Bank charges1293,000 As the accountant, you have been asked to do the following:a.     Prepare an updated cashbook for the monthb.     Prepare a bank reconciliation statement for the month

Cash 25,450Accounts Receivable 25,500Inventory 85,000Prepaid Expenses 4,950Motor vehicle 68,000Equipment 155,000Accounts Payable 35,000Unearned Revenue 8,000Wages Payable 15,000Bank Loan 50,000Share Capital 235,000Retained Earnings 10,000Dividends -5,000Revenue 53,650Cost of Sales -12,450Wages Expense -15,000Interest expense -2,500Marketing expense -2,800Insurance expense -5,000Calculate NET PROFIT