financial Reporting Problem: Apple Inc.Your parents are considering investing in Apple Inc. common stock. They ask you, as anaccounting expert, to make an analysis of the company for them. Apples financial statementsand 10-K file are provided.Instructions:(a) Make a 3-year trend analysis, using 2011 as the base year, of (1) net sales and (2) netincome. Comment on the significance of the trend results.(b) Compute for 2013 and 2012 the (1) profit margin, (2) asset turnover, (3) return on assets,and (4) return on common stockholders equity. How would you evaluate Applesprofitability? Total assets at September 24, 2011, were $116,371 and total stockholdersequity at September 24, 2011, was $76,615.(c) Compute for 2013 and 2012 the (1) debt to assets ratio and (2) times interest earned. Howwould you evaluate Apples long-term solvency? (Hint: Interest expenses were providedin the footnotes to consolidated financial statements in 2013 Apple 10-K file.)(d) What information outside the annual report may also be useful to your parents in makinga decision about Apple?