All formula questions must be answered with data below.

Ratio Liquidity and Efficiency Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Days' sales uncollected Days' sales in inventory Total asset turnover Solvency Debt ratio Equity ratio Debt-to-equity ratio Times interest earned Formula Current assets Current liabilities Cash + Short-term investments + Current receivables Current liabilities Net sales Average accounts receivable, net Cost of goods sold Average inventory Accounts receivable, net x 365 Net sales Ending inventory Cost of goods sold x 365 Net sales Average total assets Total liabilities = Total assets Total equity C = Total assets Total liabilities L = Total equity Income before interest expense and income tax expense p Interest expense n = = = Equity ratio Debt-to-equity ratio Times interest earned Profitability Profit margin ratio Gross margin ratio Return on total assets Return on common. stockholders' equity Book value per common share Basic earnings per share Market Prospects Price-earnings ratio Dividend yield Total equity Total assets Total liabilities Total equity Income before interest expense and income tax expense Interest expense Net income Net sales Net sales - Net sales Net income = Average total assets Net income Preferred dividends = Average common stockholders' equity Shareholders' equity applicable to common shares Number of common shares outstanding Net income Preferred dividends Weighted-average common shares outstanding Market price per common share Earnings per share Annual cash dividends per share Market price per share = = II 11 = Cost of goods sold N C Net a Produc Services Coel of Products Services alt Total cost of a Gromagn Operating expans Rech and development Selling general and Total opening exper Operating income Other incomp Income before provision for income tes Provision for income taxes Net income Earings per share BASK Dide Shaws used in computing nga peshare Bak Died CONSOLIDATED STATEMENTS OF OPERATIONS xat number of shares which are acted in thousands and per share out Segianber 26 2001 See accompanying Notes to Con F FR435 365.417 30.711 212-381 15388 23920 2821 41347 SMASHP 228 106,007 14,927 14,480 517 S 141 10203 SEMARIE Pers ended September 26 2320 274315 SEM 16215 104268 76752 13.306 339 WEB STAIL FF S 355 S 13034 2013 2040 1129 200173 FOR 16784 11.72 16.300 14 17 TIME 34,462 8633930 1807 65.737 10481 $5,394 EH TEXTE 35A ENTENKALE 30 Not come Other apreneneve income Change in foreign curency translation, net of tax Change in ureed genoeeee on decvate int net of Change in tax value of de Adjustment for et painossas realed and included in com Total change in realized genade on devi Change rated ganasses on marketable de secret of Change in taival of maktable debt s Aquanet for net igans reared and included in income Tutal change in uneared ganstesses on maktab b Total other comprehensive cont CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Con See accompanying to Con France S Seper 25 201 $4,000 701 32 $7005 LORES (273) 1971 I 95249 Tersed Sep 25 2000 33411 ERTAS 3880 3339 33 57453 September 28 201 38.26 1434 9-3 96 106 2381 58007 Current st Can and cash a Marketare tes Acoas recevaient Pon Wandar non-trade recevables Other cunt curenta Market Property, plant and equipment Orument Tetsi nonument asse Tal Nincurrent a Care Ap Onuntabi De Commercial paper Tum Toul ourme Not-out be Tem Other nonument Toalb Comers and contingences CONSOLIDATED BALANCE SHEETS in kons, except nareer of shares which are netected in this and parl ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Se He HAMS 200 24.279 340 30220 EXTE JHKH 127.872 10410 48649 N166 $7.0 $4.75 47.40 742 6000 9003 125 41 FOXTS 68.315 163431 249/2 epler 26. 3000 TXIKE 62077 HAN 201 2589 1024 14371 3674 42322 EN125 323 Bak 5.80 4240 6643 400 522) 105302 15.667 54410 153357 Term Other non-cument b Total non-curent labe Talab Commitments and contingencies Shareholders equity Common stock and addsons paid in capital o par value shares authorized and shares issued and outstanding respectively Feedings Accumulated other comprehensive income) Total shareholders e Tollabies and shareholders aut See accompanying Notes to Consolidated Financial Statements Apple2021 Form 10 K131 Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY On millions, except per share amounts Total shareholders equity, beginning balances Common stock and additonal paid-in capital Beginning balances Common stock issued Common stock withheld related to not share settlement of equity awards Share-based compensation Ending balances September 25 2021 44309 50,779 1.105 12627 106 190 1989 33.335 162.431 2701 59946 5562 163 63090 351.002 Years September 20 2020 90466 45374 ANO (270) ER2 September 28 2013 TODOX $4,400 153157 258549 0.772 14344 143 433 107-147 40. 201 751 (2007) SALE Ending bes Beginnings Netcome Didinds and dividend palets de Commen stock wild related to net share settenere of equity awards Common stock repu Cumulative effects of changes in accounting princ Ending bal Kocumulatant.ohar nahuvelom/u/ Degning Balances Other comprehensive Cumulative effects of changes in accounting propes Ending balances ar shareholders' equity ending balances Dividindvindequents declared perso Charts and retreted cash, beging balances Operating acti as accompanying fictes to Consolidated Financia A12021 Fum 13 Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (mo) September 25 2021 52310 TAPOS PAN (8431) ENED 1500 156 Sona 13 60060 OFF " 5570 Years and Seper 3000 50x779 4569 (14 SAGI (168) (22332) (396) 32 TH (448) ICH . 20224 S Ser 2018 35174 752430 6435) MATI LEAVE 3388 (38) NO (44 3400 1021 Caserts and red cash, begereng bula Opening v Adeserts to reconcio net come to cash generated by perang actives Dertion and anson Starea competence Deerders te be Other Changes in operating assets and be the Warren-tate nec De curent and non- Deemed revenus Ofer aument and no Cash generated by Ingat Purchases of market secure Fof matu Profes Payment for acquation of property, plant and eq Payments made incorection with business acquisition Purohanes of spe-mastable becathars Pronon-mart Other Cash gradbene Friencing actives Poods omissuance of common s aymantaxzmae tamantY BARITR Payments for dividends and ovident e B CONSOLIDATED STATEMENTS OF CASH FLOWS (B) 2001 H 34.745 Sener FREE 1076 (ES) Crea ACCO 4342 3238 www F700 124000 DE BE Doves 37,50 (Live) 20 (TED 337 S 10000 18500 DIES 16551 (14,487) 12.0 anded ame 100314 STATT Se FROSA KRIF 1215 4371 000 (7) 1633 19 14062 EIGEN EVE GOESTE (145-36 BODIE NOEN CARE 098 A D (291) BACH (** lec (1408) HALSA Sep 28 2016 DER 98.356 FEMY 1344 (141) (1452) 243 1503 LATCO 10:31 LOURD FIXED WES FERITE JERI (2001) 3264 100 4100 201 panik Paymem made in coneckon w bosness actions Punts of Podrom no m Other Can generated by used investing acti Franeng activ Proceeds from suance of a stick Payments for a red to share art of equity award Pas for ends and dividend epuivalent Repurchases of common stock Proceeds from suance of wymarths ofre3 / Promares of commercial paperet Other Cash used in racing actives Increase in cash, cash explaints and reco Catch quants and restricted cash,nding bes Supplemenal cash flow disclosure Cash paid for come taxes. Cash paid for e See accompanying Notes to Ca FED MY 00041 GOLED SONE HAKA (1862) 45470 2013 (1550) LAOR 15 MAT del 35,000 160 7407 S (6K2) 6334 T 16 00 SER (ERT) GEHE HONEY (trop 1PW 20 decat 38.760 10718 COLLE # B KOMED 1186 (3079 40316 LIKD OKTER (05.197 636 IKP DRESD Kitts BACKG TEGE 50204 SEXXX Ratio Liquidity and Efficiency Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Days' sales uncollected Days' sales in inventory Total asset turnover Solvency Debt ratio Equity ratio Debt-to-equity ratio Times interest earned Formula Current assets Current liabilities Cash + Short-term investments + Current receivables Current liabilities Net sales Average accounts receivable, net Cost of goods sold Average inventory Accounts receivable, net x 365 Net sales Ending inventory Cost of goods sold x 365 Net sales Average total assets Total liabilities = Total assets Total equity C = Total assets Total liabilities L = Total equity Income before interest expense and income tax expense p Interest expense n = = = Equity ratio Debt-to-equity ratio Times interest earned Profitability Profit margin ratio Gross margin ratio Return on total assets Return on common. stockholders' equity Book value per common share Basic earnings per share Market Prospects Price-earnings ratio Dividend yield Total equity Total assets Total liabilities Total equity Income before interest expense and income tax expense Interest expense Net income Net sales Net sales - Net sales Net income = Average total assets Net income Preferred dividends = Average common stockholders' equity Shareholders' equity applicable to common shares Number of common shares outstanding Net income Preferred dividends Weighted-average common shares outstanding Market price per common share Earnings per share Annual cash dividends per share Market price per share = = II 11 = Cost of goods sold N C Net a Produc Services Coel of Products Services alt Total cost of a Gromagn Operating expans Rech and development Selling general and Total opening exper Operating income Other incomp Income before provision for income tes Provision for income taxes Net income Earings per share BASK Dide Shaws used in computing nga peshare Bak Died CONSOLIDATED STATEMENTS OF OPERATIONS xat number of shares which are acted in thousands and per share out Segianber 26 2001 See accompanying Notes to Con F FR435 365.417 30.711 212-381 15388 23920 2821 41347 SMASHP 228 106,007 14,927 14,480 517 S 141 10203 SEMARIE Pers ended September 26 2320 274315 SEM 16215 104268 76752 13.306 339 WEB STAIL FF S 355 S 13034 2013 2040 1129 200173 FOR 16784 11.72 16.300 14 17 TIME 34,462 8633930 1807 65.737 10481 $5,394 EH TEXTE 35A ENTENKALE 30 Not come Other apreneneve income Change in foreign curency translation, net of tax Change in ureed genoeeee on decvate int net of Change in tax value of de Adjustment for et painossas realed and included in com Total change in realized genade on devi Change rated ganasses on marketable de secret of Change in taival of maktable debt s Aquanet for net igans reared and included in income Tutal change in uneared ganstesses on maktab b Total other comprehensive cont CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Con See accompanying to Con France S Seper 25 201 $4,000 701 32 $7005 LORES (273) 1971 I 95249 Tersed Sep 25 2000 33411 ERTAS 3880 3339 33 57453 September 28 201 38.26 1434 9-3 96 106 2381 58007 Current st Can and cash a Marketare tes Acoas recevaient Pon Wandar non-trade recevables Other cunt curenta Market Property, plant and equipment Orument Tetsi nonument asse Tal Nincurrent a Care Ap Onuntabi De Commercial paper Tum Toul ourme Not-out be Tem Other nonument Toalb Comers and contingences CONSOLIDATED BALANCE SHEETS in kons, except nareer of shares which are netected in this and parl ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Se He HAMS 200 24.279 340 30220 EXTE JHKH 127.872 10410 48649 N166 $7.0 $4.75 47.40 742 6000 9003 125 41 FOXTS 68.315 163431 249/2 epler 26. 3000 TXIKE 62077 HAN 201 2589 1024 14371 3674 42322 EN125 323 Bak 5.80 4240 6643 400 522) 105302 15.667 54410 153357 Term Other non-cument b Total non-curent labe Talab Commitments and contingencies Shareholders equity Common stock and addsons paid in capital o par value shares authorized and shares issued and outstanding respectively Feedings Accumulated other comprehensive income) Total shareholders e Tollabies and shareholders aut See accompanying Notes to Consolidated Financial Statements Apple2021 Form 10 K131 Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY On millions, except per share amounts Total shareholders equity, beginning balances Common stock and additonal paid-in capital Beginning balances Common stock issued Common stock withheld related to not share settlement of equity awards Share-based compensation Ending balances September 25 2021 44309 50,779 1.105 12627 106 190 1989 33.335 162.431 2701 59946 5562 163 63090 351.002 Years September 20 2020 90466 45374 ANO (270) ER2 September 28 2013 TODOX $4,400 153157 258549 0.772 14344 143 433 107-147 40. 201 751 (2007) SALE Ending bes Beginnings Netcome Didinds and dividend palets de Commen stock wild related to net share settenere of equity awards Common stock repu Cumulative effects of changes in accounting princ Ending bal Kocumulatant.ohar nahuvelom/u/ Degning Balances Other comprehensive Cumulative effects of changes in accounting propes Ending balances ar shareholders' equity ending balances Dividindvindequents declared perso Charts and retreted cash, beging balances Operating acti as accompanying fictes to Consolidated Financia A12021 Fum 13 Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (mo) September 25 2021 52310 TAPOS PAN (8431) ENED 1500 156 Sona 13 60060 OFF " 5570 Years and Seper 3000 50x779 4569 (14 SAGI (168) (22332) (396) 32 TH (448) ICH . 20224 S Ser 2018 35174 752430 6435) MATI LEAVE 3388 (38) NO (44 3400 1021 Caserts and red cash, begereng bula Opening v Adeserts to reconcio net come to cash generated by perang actives Dertion and anson Starea competence Deerders te be Other Changes in operating assets and be the Warren-tate nec De curent and non- Deemed revenus Ofer aument and no Cash generated by Ingat Purchases of market secure Fof matu Profes Payment for acquation of property, plant and eq Payments made incorection with business acquisition Purohanes of spe-mastable becathars Pronon-mart Other Cash gradbene Friencing actives Poods omissuance of common s aymantaxzmae tamantY BARITR Payments for dividends and ovident e B CONSOLIDATED STATEMENTS OF CASH FLOWS (B) 2001 H 34.745 Sener FREE 1076 (ES) Crea ACCO 4342 3238 www F700 124000 DE BE Doves 37,50 (Live) 20 (TED 337 S 10000 18500 DIES 16551 (14,487) 12.0 anded ame 100314 STATT Se FROSA KRIF 1215 4371 000 (7) 1633 19 14062 EIGEN EVE GOESTE (145-36 BODIE NOEN CARE 098 A D (291) BACH (** lec (1408) HALSA Sep 28 2016 DER 98.356 FEMY 1344 (141) (1452) 243 1503 LATCO 10:31 LOURD FIXED WES FERITE JERI (2001) 3264 100 4100 201 panik Paymem made in coneckon w bosness actions Punts of Podrom no m Other Can generated by used investing acti Franeng activ Proceeds from suance of a stick Payments for a red to share art of equity award Pas for ends and dividend epuivalent Repurchases of common stock Proceeds from suance of wymarths ofre3 / Promares of commercial paperet Other Cash used in racing actives Increase in cash, cash explaints and reco Catch quants and restricted cash,nding bes Supplemenal cash flow disclosure Cash paid for come taxes. Cash paid for e See accompanying Notes to Ca FED MY 00041 GOLED SONE HAKA (1862) 45470 2013 (1550) LAOR 15 MAT del 35,000 160 7407 S (6K2) 6334 T 16 00 SER (ERT) GEHE HONEY (trop 1PW 20 decat 38.760 10718 COLLE # B KOMED 1186 (3079 40316 LIKD OKTER (05.197 636 IKP DRESD Kitts BACKG TEGE 50204 SEXXX