DUISE Analyzing Financial Data: Trend Analysis. Presented below is selected financial data for Apple Inc., for the five-year period 2015 to 2019. (in millions) 2019 2018 2017 2016 2015 Net sales $234,157 $239,036 $206,311 $194,075 $210,344 Net income 49,730 53,578 48,351 41,118 48,055 Dividends (per share) 2.70 2.45 2.16 1.96 1.78 Total assets 304,664 329,153 337,787 289,517 261,311 Noncurrent liabilities 128,079 128,384 126,412 102,988 81,342 Total shareholders' equity 81,439 96,432 120,642 115,424 107,420 Cash, cash equivalents, and marketable securities 90,501 59,671 66,763 60,440 37,796 Required 1. Comment on the relationship between the growth in net sales and the growth in net income over the period 2015 to 2019 and what that implies regarding cost expenses. Note: Round the percentages to two decimal points (i.e. show 14.445% as 14.45%). From 2015 to 2019 sales grew by: 0 % From 2015 to 2019 net income grew by: 0 % Was Apple able to achieve greater efficiencies with their growth? e 2. Comment on the company's financial leverage over this period. Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45). 2019 2018 2017 2016 20.15 Financial leverage 0 0 0 0 ht From 2015 to 2019 sales grew by: 0 % From 2015 to 2019 net income grew by: 0 % Was Apple able to achieve greater efficiencies with their growth? 2. Comment on the company's financial leverage over this period. Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45). 2019 > 2018 2017 2016 2015 Financial leverage 0 0 0 0 0 During this period, Apple's level of debt: During this period, Apple's percentage of debt relative to both assets and shareholders' equity: 3. Comment on the company's asset turnover: Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45). 2019 2018 2017 2016 2015 Asset turnover 0 0 0 0 0 Apple's 2019 asset turnover is compared to 2015. 4. Do you believe that Apple can comfortably support paying its dividend