Apple 10-K Report

Account Balance	% Change 2020-2021	% Change 2019-2020
Net Sales	33%	6%
Cost of sales	26%	5%
Operating expenses	13 %	12 %
Operating income	64%	4%
Net receivables	63%	(30%)
Inventories	62%	(1%)
Accounts payable	29%	(8%)
Long-term debt	11%	7%

1. For the current and prior years, calculate the common financial ratios that are applicable to the company, including short-term debt-paying ability, liquidity activity, ability to meet long-term debt obligation, and profitability ratios. 2. Compare the companys main financial indicators (market cap, revenue, employees, revenue growth, gross margin, net income, and EPS) with the industry benchmark or major competitors.