1. Horizontal Analysis

2. Vertical Analysis

3. Analysis of Financial Ratios?

Could you write all necessary explanations?

Apple Inc. CONSOLIDATED BALANCE SHEETS Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Net sales: Products Services Total net sales Cost of sales: Products Services Total cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted \begin{tabular}{rrr} 26,251 & 21,914 & 18,752 \\ 25,094 \\ \hline 51,345 \\ \end{tabular} $$6.156.11$$5.675.61$$3.313.28 Shares used in computing earnings per share: Basic Diluted 16,215,963 16,325,819 16,701,272 16,864,919 17,352,119 17,528,214 Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Apple Inc. CONSOLIDATED BALANCE SHEETS Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Net sales: Products Services Total net sales Cost of sales: Products Services Total cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted \begin{tabular}{rrr} 26,251 & 21,914 & 18,752 \\ 25,094 \\ \hline 51,345 \\ \end{tabular} $$6.156.11$$5.675.61$$3.313.28 Shares used in computing earnings per share: Basic Diluted 16,215,963 16,325,819 16,701,272 16,864,919 17,352,119 17,528,214 Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions)