Refer to Apple’s financial statements in Appendix A for the following questions.

Required

1. What amount of total liabilities does it report for each of the fiscal years ended September 28, 2013, and September 29, 2012?

2. What amount of total assets does it report for each of the fiscal years ended September 28, 2013, and September 29, 2012?

3. Compute its debt ratio for each of the fiscal years ended September 28, 2013, and September 29, 2012. (Report ratio in percent and round it to one decimal.)

4. In which fiscal year did it employ more financial leverage (September 28, 2013, or September 29, 2012)? Explain.