1. Find a most recent Apple Inc.'s income statement and balance sheet.

2. Provide these statements in the appropriate format (financial statement)

3. Perform a vertical financial analysis incorporating

Debt ratio / Debt to equity ratio / Return on assets / Return on equity / Current ratio / Quick ratio / Inventory turnover / Days in inventory / Accounts receivable turnover

/ Accounts receivable cycle in days / Accounts payable turnover / Accounts payable cycle in days / Earnings per share (EPS) / Price to earnings ratio (P/E)

/ Cash conversion cycle (CCC), and Working capital

4. Explain Dupont identity, apply it to Apple Inc., interpret the components in Dupont identity.