Throughout this chapter we have considered the financial statements of Apple Inc. and have undertaken select financial analysis using the Takeaways. Utilize these same tools to analyze the financial data of Logitech International, a manufacturer of computer peripherals. The following information was reported by Logitech in the company's financial statements as of year-end March 31, 2017 and 2016:

Required 

1. Calculate the return on sales ratio for each year and comment on Logitech's profitability.

2. Calculate the current ratio for each year and comment on Logitech's liquidity.

3. Calculate the debt-to-total-assets ratio for each year and comment on Logitech's solvency.

4. Calculate the free cash flow for each year and comment on what this means for Logitech.

5. Apple's fiscal year-end occurs near the end of September, whereas Logitech uses a March yearend. How might this affect a comparison of the financial results of the two companies?

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March 31 (in thousands) Current assets Total assets Current liabilities. Total liabilities. Net sales.. 2017 2016 $1,027,845 $ 926,247 1,498,677 1,324,147 507,078 414,930 642,566 564,199 2,221,427 2,018,100 Net income. 205,876 119,317 Cash provided by operating activities.. 278,728 183,111 Expenditures on property, plant, and equipment 31,804 56,615