For fiscal year ending September, 2019, Apple, Inc. had a gross profit margin ratio of 39.3%, a net profit margin ratio of 27.4% and return on investment/assets of 20.7% and the total assets as of the end of the year was $ 338 billion. For the year ending September 2020, Apple reported the following amounts:

Sales $275 billion

Cost of Sales $170 billion

Expenses not including taxes $39 billion

Total Assets at the end of the year $324 billion

Required:

Calculate the three profitability ratios for Apple for year ending September 2020.

Using those ratios describe the change in profitability for Apple between 2019 and 2020.

Indicate how each of the profitability ratios calculated in 2 will be affected by the following independent transactions/changes if they happened during fiscal 2021:

Independent transaction or change in 2021		Gross Profit Margin Ratio	Net Profit Margin Ratio	Return on Investment/Assets
Apple pays $10 billion in cash for an enormous new manufacturing facility in the United States to avoid tariffs on imported phones	Indicate in the box to the right whether the ratio increases or decreases or stays the same because of the change or transaction
Costs for Apples phones stays the same as in 2020 but Apple is forced to reduce the selling price of phones by 10% in 2021 because of competition