2017 2018 BALANCE SHEET: Assets: Cash Accounts Receivable Inventory Other Current Assets Fixed Assets, net Investments Total Assets $74,181 35,673 4,855 13,936 33,783 212.891 $375,319 $66,301 48,995 3,986 12,057 41,304 223.082 $105,725 Liabilities and Equity: Accounts Payable Other Current Liabilities Long-term Debt Other Noncurrent Liabilities Common Stock Retained Earnings Total Liabilities and Equity $44,242 50,226 103,703 43,251 35,567 98.330 $375,319 $55,888 55,416 102,519 48,209 33,293 110400 $405,725 FY2018 INCOME STATEMENT: Revenue Cost of Goods Sold General and Administrative Depreciation Expense Earnings Before Interest and Taxes Interest Expense Pretax Net Income Income Taxes Net Income $265,595 163,756 14,793 10.903 76,143 3.240 72,903 13.372 $59,531 14. What was Apple's dividend payout ratio during fiscal 2018? 16. What was Apple's Retum on Equity for 20182 (For balance sheet accounts, use the average of the beginning and end-of-year balances). 17. If Apple had an average of 4,337 million common shares outstanding during 2018 and its stock is currently worth $195 per share, what is its Price : Earnings (PE) ratio? 18. If the analysts who follow Apple project 2019 sales to increase by 7.4% over 2018, its after-tax profit margin to remain the same, and anticipate a 60% dividend payout ratio, what are the projected retained earnings by the end of 2019? sh (Inited Staten