Describe how and why each of the ratios has changed over the three-year period. For example, did the current ratio increase or decrease? Why? Describe how three of the ratios you calculated for your company compare to the general industry.

Below is apple Balance sheet for 2017, 2016,2015

Report Date

9/30/2017

9/24/2016

9/26/2015

Cash & cash equivalents

20,289,000

20,484,000

21,120,000

Short-term marketable securities

53,892,000

46,671,000

20,481,000

Accounts receivable, gross

17,932,000

15,807,000

16,931,000

Allowances

58,000

53,000

82,000

Accounts receivable, net

17,874,000

15,754,000

16,849,000

Finished goods

-

2,132,000

2,349,000

Inventories

4,855,000

2,132,000

2,349,000

Deferred tax assets

-

-

5,546,000

Vendor non-trade receivables

17,799,000

13,545,000

13,494,000

Other current assets

13,936,000

8,283,000

9,539,000

Total current assets

128,645,000

106,869,000

89,378,000

Long-term marketable securities

194,714,000

170,430,000

164,065,000

Land & buildings

13,587,000

10,185,000

6,956,000

Machinery, equipment, & internal-use software

54,210,000

44,543,000

37,038,000

Leasehold improvements

7,279,000

6,517,000

5,263,000

Gross property, plant & equipment

75,076,000

61,245,000

49,257,000

Accumulated depreciation & amortization

41,293,000

34,235,000

26,786,000

Property, plant & equipment, net

33,783,000

27,010,000

22,471,000

Goodwill

5,717,000

5,414,000

5,116,000

Acquired intangible assets, net

2,298,000

3,206,000

3,893,000

Other non-current assets

10,162,000

8,757,000

5,556,000

Total assets

375,319,000

321,686,000

290,479,000

Accounts payable

49,049,000

37,294,000

35,490,000

Accrued expenses

25,744,000

22,027,000

25,181,000

Deferred revenue

7,548,000

8,080,000

8,940,000

Commercial paper

11,977,000

8,105,000

8,499,000

Current portion of long-term debt

6,496,000

3,500,000

2,500,000

Total current liabilities

100,814,000

79,006,000

80,610,000

Deferred revenue - non-current

2,836,000

2,930,000

3,624,000

Floating & fixed-rate notes

104,021,000

78,384,000

55,701,000

Total debt

104,021,000

78,384,000

55,701,000

Unamortized discount

-225,000

-174,000

-114,000

Hedge accounting fair value adjustments

-93,000

717,000

376,000

Less: current portion of long-term debt

6,496,000

3,500,000

2,500,000

Long-term debt

97,207,000

75,427,000

53,463,000

Deferred tax liabilities

31,504,000

26,019,000

24,062,000

Other non-current liabilities

8,911,000

10,055,000

9,365,000

Other non-current liabilities

40,415,000

36,074,000

33,427,000

Total liabilities

241,272,000

193,437,000

171,124,000

Common stock

35,867,000

31,251,000

27,416,000

Retained earnings

98,330,000

96,364,000

92,284,000

Cumulative foreign currency translation

-354,000

-578,000

-653,000

Unrecognized gains (losses) on derivative instruments

-124,000

38,000

772,000

Unrealized gains (losses) on marketable securities

328,000

1,174,000

-464,000

Accumulated other comprehensive income (loss)

-150,000

634,000

-345,000

Total shareholders' equity

134,047,000

128,249,000

119,355,000