Apple Inc. Apple Inc. CONSOLIDATED BALANCE SHEETS Helpful Tips 1. Some businesses, including Apple, use the term "Cost of Sales" as opposed to "Cost of Goods Sold" (they are the same thing). 2. The debt-to-equity ratio is explained in your text on page 505 (see exhibits 14.13 and 14.14 ) and pages 616 and 617 . 3. Basic Earnings per Share (EPS) is given in the Consolidated Statement of Operations. There is no need, therefore, to re-calculate this. 4. Because some ratios involve averages, when you are calculating the Y/ E Septem ber 25,2021 ratios, you will need to access Apple's financial statements for Y/ E September 2020 . 5. Apple has not issued any preferred stock. GRADING INFORMATION There are 12 ratios, each carrying 5 points (total 60 points). For each ratio: The 2022 calculation is worth 2 points (correct numerator 1 point; correct denom inator 1 point) The 2021 calculation is worth 2 points (correct numerator 1 point; correct denominator 1 point) The comment is worth 1 point Evidence of Ratio Calculations: Please show your calculations of the financial ratios of Apple Inc. for year ended September 24 , 2022 and September 25,2021 below. Please submit this sheet. 3 4