attached is the file I need.

This is due by Sunday Night 12 am.

ACC 101 - Financial Accounting Case 2 - Financial Statement Analysis Part 2 - 120 Points Name ______________________________________________ Date ______________________ Use the information contained in these financial statements and notes to complete this case. All answers should be for the most current year (September 26, 2015) unless asked otherwise. Many companies show amounts in the thousands or millions - please state amounts as shown on the financial statements. Do not add zeros. You do not need to include dollar signs. Selected financial statements of Apple, Inc. follow. 1 2 3 I. Financial Statement Analysis Ratios - Must show your work for all ratios. Calculate each ratio to three decimal places. (Page numbers are for referencing the formulas in your textbook.) (100 Points Total) 1. Chapters 3 & 13 (pages 128, 127, 597) (24Points) a. Calculate the Current ratio. (4) Does this ratio appear favorable or unfavorable? (4) Why? (4) b. Calculate the Profit Margin ratio. (4)Does this ratio appear favorable or unfavorable? (4) Why? (4) 2. Chapters 6, 7 & 13 (pages 327, 285, 597) (18 Points) a. Calculate the Accounts Receivable Turnover ratio. (8) b. Calculate the Days' Sales Uncollected ratio. (6) Does this ratio appear favorable or unfavorable? Why? (4) 3. Chapters 8 & 13 (pages 367, 597) (6 Points) a. Calculate the Total Asset Turnover ratio. (6) 4. Chapters 2 & 13 (pages 77, 597) (12 Points) a. Calculate the Debt ratio. (4) Does this ratio appear favorable or unfavorable? (4) Why? (4) 4 5. Chapters 10 & 13 (pages 451, 452, 597) (12 Points) a. Calculate the Debt-to-Equity Ratio. (4) Does this ratio appear favorable or unfavorable? (4) Why? (4) 6. Chapters 11 & 13 (pages 501, 597) (16 Points) a. What is the current market price of the stock? This is not in the financial statements provided. It is noted on Apple's website or go to www.yahoofinance.com to get the quote. The ticker symbol for Apple is AAPL. Price __________ (4) Date found: ____________ b. Calculate the Dividend Yield. (4) c. Calculate the Price-Earnings Ratio. (4) Does this ratio appear favorable or unfavorable? (4) Why? (4) 7. Chapters 5 & 13 (page 227, 597) (12 Points) a. Calculate the Inventory turnover ratio. (6) b. Calculate the Days' Sales in Inventory ratio. (6) 5 II. Summary (20 Points) Your superior asks you to analyze this company's financial condition (liquidity, efficiency, solvency, profitability). Would you recommend it as a worthy investment (yes or no)? Support your opinion using answers from part I above. You must give at least five reasons to support your answer to receive full credit. 6