Apple Inc. Income Statement For the Year Ended September 30, Year 2

• Sales revenue: $500,000
• Cost of goods sold: $300,000
• Gross profit: $200,000
• Operating expenses: $90,000
• R&D expenses: $(20,000)
• Depreciation expense: $30,000
• Operating income: $60,000
• Nonoperating income: $10,000
• Loss on sale of equipment: $(5,000)
• Net income: $65,000

Balance Sheet As of September 30, Year 2

• Assets:
  • Cash: $50,000
  • Accounts receivable: $100,000
  • Merchandise inventory: $80,000
  • Equipment less accumulated depreciation: $120,000
  • Nonoperating assets: $150,000
  • Total assets: $500,000
• Liabilities:
  • Accounts payable: $40,000
  • Notes payable: $60,000
  • Stockholders’ equity:
    • Common stock: $300,000
    • Retained earnings: $100,000
    • Total liabilities and stockholders’ equity: $500,000

Required:

1. Calculate the ROI for Apple Inc.
2. Compute the gross profit margin.
3. Determine the current ratio.
4. Evaluate the debt-to-equity ratio.
5. Calculate the operating margin.