Assignment 1. Go to the Investor Relations website for Apple®. 2. Scroll down to Annual Reports on Form 10-K. 3. Select and review the 2020 10-K. 1. Go to the Investor Relations website for Microsoft®. 2. Select Annual Reports. 3. Select 2020 Annual Report. References Apple. (n.d.). Investor relations. http://investor.apple.com Microsoft. (n.d.). Investor relations. https://www.microsoft.com/en-us/investor You are part of a team of consultants analyzing the financial statements of Apple Inc. and Microsoft Inc. to assist investors in making decisions. You and your teammates will analyze different components of the Apple and Microsoft financial statements. You will use the contributions from your virtual teammates to address the concerns of the potential investors. The following conversation takes place in your team meeting: Bill: Hi team, our goal is to gather data about Apple Inc. and Microsoft Inc. to provide our customers with accurate information about investing in these companies. Sue: We need information about the company’s assets and liabilities to ensure that they are in a stable financial position. Bill: Right Sue, we need to know the company’s cash and cash equivalents as well as the total current assets and liabilities. Can you get me that information as soon as possible? An investor wants to know if the company will use their money to grow or pay debt. Let’s bring you in to take a look at the current stock and equity of the company. Sue: Sounds good, we can always use another set of eyes. Assignment Checklist: What types of stock do Apple and Microsoft have, and what is the par value? What CPA firm last audited the Apple and Microsoft financial statements? What are the earnings per share for Apple and Microsoft in the most current year? What dividends have Apple or Microsoft paid in the most current year? Based on the information provided by your team members and any other relevant news articles you may find, compute the current ratio for Apple and Microsoft to