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Common-Sized Balance Sheets

The following end-of-the-year balance sheets (in millions) were adapted from recent financial statements of Apple (AAPL).

	Year 1			Year 2
Current assets:
Cash		$13,844			$21,120
Marketable securities		11,233			20,481
Accounts receivable		27,219			30,343
Inventory		2,111			2,349
Other		14,124			15,085
Total current assets		$68,531			$89,378
Long-term assets:
Long-term marketable securities		$130,162			$164,065
Property, plant, and equipment		20,624			22,471
Other long-term assets		12,522			14,565
Total long-term assets		$163,308			$201,101
Total assets		$231,839			$290,479
Current liabilities:
Accounts payable and similar liabilities		$48,649			$60,671
Current portion of long-term debt		0			2,500
Other		14,799			17,439
Total current liabilities		$63,448			$80,610
Long-term liabilities		56,844			90,514
Total liabilities		$120,292			$171,124
Stockholders' equity
Common stock		$23,313			$27,416
Retained earnings		87,152			92,284
Other items		1,082			(345)
Total stockholders' equity		$111,547			$119,355
Total liabilities and stockholders' equity		$231,839			$290,479

1. Prepare common-sized balance sheets for Apple for Years 1 and 2. Round your percentage answers to one decimal place. If an amount is zero, enter "0". (Note: Due to rounding, amounts may not total 100%.)

Apple
Common-Sized Balance Sheet
For Years 1 and 2
	Year 1	Year 2	Increase (Decrease)
Current assets:
Cash	%	%	%
Marketable securities
Accounts receivable
Inventory
Other
Total current assets	%	%	%
Long-term assets:
Long-term marketable securities	%	%	%
Property, plant and equipment
Other long-term assets
Total long-term assets	%	%	%
Total assets	%	%	%
Current liabilities:
Accounts payable and similar liabilities	%	%	%
Current portion of long-term debt
Other
Total current liabilities	%	%	%
Long-term liabilities
Total liabilities	%	%	%
Stockholders' Equity
Common stock	%	%	%
Retained earnings
Other items
Total stockholders' equity	%	%	%
Total liabilities and stockholders' equity	%	%	%

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