Apple Inc. for the fiscal year ending December 31, 2024, prepare an income statement and determine the net income:

• Sales Revenue: $500,000
• Cost of Goods Sold: $200,000
• Operating Expenses: $100,000
• Other Income: $20,000
• Interest Expense: $5,000

Taxes: 20% of taxable income Calculate the total assets and liabilities, compute the net worth of the company, identify the largest asset category, and determine the debt-to-equity ratio.