Apple Inc. is an American multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. The company's hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, and the IPod portable media player. Apple's consumer software includes the macOS and iOS operating systems, the iTunes media player, and the Safari web browser. Its online services include the iTunes Store, the iOS App Store and Mac App Store, Apple Music, and iCloud.

Established on April 1,1976 in Cupertino, California, the company was previously namec Apple Computer, Inc., for its first 30 years, but removed the word "Computer" in 2007, to reflect the company's ongoing expansion into the consumer electronics market in addition to its traditional focus on personal computers. Apple is the world's largest information technology company by revenue and the world's second-largest mobile phone manufacturer after Samsung. In February 2015, Apple became the first U.S. company to be valued at over US$700 billion. The company employs 116,000 full-time employees as of October 2016. As of January 2016, more than one billion Apple products are actively in use worldwide.

Apple's worldwide annual revenue totaled $215 billion for the 2016 fiscal year. The company enjoys a high level of brand loyalty and has been repeatedly ranked as the world's most valuable brand.

Answer the following questions from Apple's 2015 Financial Report (found in the

Appendix of Wild, Larson & Chiappetta, pages A-2 to A-5). The purpose of this assignment is to familiarize you with a compan/s annual report and basic financial statement analysis.

1. What were Apple's basic earnings per common share for the fiscal year ended

September 26, 2015?

2. What was the value of net sales for Apple for the fiscal year ended September

26, 2015? Be precise when giving your answer.

3. Calculate the Profit margin ratio for the fiscal years ended September 26, 2015 and September 27, 2014 (show calculations. (Formula: Net income/ Net Sales) = __%

4. What was Apple's return on total assets for 2015?

Formula: return on total assets = net income/ average total assets

5. Calculate days sales in inventory for 2015 (show calculation)

6. Calculate the total asset turnover ratio for 2015 (show calculation)

7. Calculate the current ratio for 2015 and 2014 (show calculation)

8. calculate the acid test ratio for 2015 and 2014. show calculation

9. Calculate the debt to equity ratio for apple for 2015 and 2014. show calculation

10. What was apples return on common stockholders equity for 2015?