Question

Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) September 30, 2017 48,351 Years ended September 24, 2016 45,687 September 26. 2015 53,394 $ Net income Other comprehensive income/loss): Change in foreign currency translation, net of tax effects of $(77), $8 and $201, respectively 224 75 (411) 1,315 2,905 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit/(expense) of $(478), $(7) and $(441), respectively Adjustment for net (gains) losses realized and included in net income, net of tax expense/(benefit) of $475, $131 and $630, respectively Total change in unrealized gains/losses on derivative instruments, net of tax (1,477) (162) (741) (3,497) (592) (734) (782) 1,582 Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit/(expense) of $425, $(863) and $264, respectively Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $35, $(31) and $(32), respectively Total change in unrealized gains/losses on marketable securities, net of tax (483) (64) 56 1,638 59 (424) (846) Total other comprehensive income/(loss) Total comprehensive income S (784) 47,567 979 46,666 (1,427) 51,967 $ $ See accompanying Notes to Consolidated Financial Statements.

Answer 1

a. Apple's total assets at September 30, 2017: $3,75,319

at September 24,2016: $ 321,696

b. Cash (and cash equivalents) Apple have on September 30, 2017 is $20,289

c. Accounts payable Apple reported on September 30, 2017:$49,049

   Accounts payable Apple reported on September 24, 2016: $37,294

d. Apple’s net sales in the year ending September 30, 2017, are: $229,234

    Apple’s net sales in the year ending September 24, 2016, are: $215,639

    Apple’s net sales in the year ending September 26, 2015, are: $233,715

e. Change in Apple’s net income from 2016 to 2017 is: $2,664  ($48,351- $45,687)