1 The amount of cash and cash equivalents for 2016 was $20,484 million which was a slight decline from the $21,120 million recorded in 2015. The fall...

The amount of cash and cash equivalents for 2016 was $20,484 million which was a slight decline from the $21,120 million recorded in 2015. The fall was by a margin of $636,000 which is a 3% reduction.

Another area in the financial statement that provides an explanation about the cash flows level is item 7 under the heading liquidity and capital resources. The cash flows from operating activities provided is $65,824 million, cash flows from investing activities is -$45,977million, and cash flows from financing activities is -$ 20,483 million.

3.

a. The members of the company that sign off on the assessment of the internal controls are the management.

b.Ernst and Young LLP is the firm that conducted the audit of Apple Inc.

c. The auditor gave an unqualified opinion about the company.

d. The auditing firm also audited the internal controls of the corporation.