Refer to Apple's financial statements in Appendix A for the following questions. Required 1. What amount of

Question:

Refer to Apple's 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 29, 2012, and September 24, 2011?
2. What amount of total assets does it report for each of the fiscal years ended September 29, 2012, and September 24, 2011?
3. Compute its debt ratio for each of the fiscal years ended September 29, 2012, and September 24, 2011. (Report ratio in percent and round it to one decimal.)
4. In which fiscal year did it employ more financial leverage (September 29, 2012, or September 24, 2011)? Explain.
5. Access its (10-K report) for a fiscal year ending after September 29, 2012, from its Website (Apple.com) or the SEC's EDGAR database (www.sec.gov). Re-compute its debt ratio for any subsequent year's data and compare it with the debt ratio for 2012 and 2011.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...