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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

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 Date9/30/20179/24/20169/26/2015

Cash & cash equivalents20,289,00020,484,00021,120,000

Short-term marketable securities53,892,00046,671,00020,481,000

Accounts receivable, gross 17,932,00015,807,00016,931,000

Allowances58,00053,00082,000

Accounts receivable, net17,874,00015,754,00016,849,000

Finished goods-2,132,0002,349,000

Inventories4,855,0002,132,0002,349,000

Deferred tax assets--5,546,000

Vendor non-trade receivables17,799,00013,545,00013,494,000

Other current assets13,936,0008,283,0009,539,000

Total current assets128,645,000106,869,00089,378,000

Long-term marketable securities194,714,000170,430,000164,065,000

Land & buildings13,587,00010,185,0006,956,000

Machinery, equipment, & internal-use software54,210,00044,543,00037,038,000

Leasehold improvements7,279,0006,517,0005,263,000

Gross property, plant & equipment 75,076,00061,245,00049,257,000

Accumulated depreciation & amortization41,293,00034,235,00026,786,000

Property, plant & equipment, net33,783,00027,010,00022,471,000

Goodwill5,717,0005,414,0005,116,000

Acquired intangible assets, net2,298,0003,206,0003,893,000

Other non-current assets10,162,0008,757,0005,556,000

Total assets375,319,000321,686,000290,479,000

Accounts payable 49,049,00037,294,00035,490,000

Accrued expenses25,744,00022,027,00025,181,000

Deferred revenue7,548,0008,080,0008,940,000

Commercial paper11,977,0008,105,0008,499,000

Current portion of long-term debt6,496,0003,500,0002,500,000

Total current liabilities100,814,00079,006,00080,610,000

Deferred revenue - non-current2,836,0002,930,0003,624,000

Floating & fixed-rate notes104,021,00078,384,00055,701,000

Total debt104,021,00078,384,00055,701,000

Unamortized discount-225,000-174,000-114,000

Hedge accounting fair value adjustments-93,000717,000376,000

Less: current portion of long-term debt6,496,0003,500,0002,500,000

Long-term debt97,207,00075,427,00053,463,000

Deferred tax liabilities31,504,00026,019,00024,062,000

Other non-current liabilities8,911,00010,055,0009,365,000

Other non-current liabilities40,415,00036,074,00033,427,000

Total liabilities241,272,000193,437,000171,124,000

Common stock35,867,00031,251,00027,416,000

Retained earnings98,330,00096,364,00092,284,000

Cumulative foreign currency translation-354,000-578,000-653,000

Unrecognized gains (losses) on derivative instruments-124,00038,000772,000

Unrealized gains (losses) on marketable securities328,0001,174,000-464,000

Accumulated other comprehensive income (loss)-150,000634,000-345,000

Total shareholders' equity 134,047,000128,249,000119,355,000

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