Here is a company you probably have maybe kind of heard about just a little bit called Apple) The financial statements you need have already been sent out to you separately, in Course Materials, directly UNDER this test.

Apples yearend is close to the end of September, as you can see. Please calculate the current ratio of Apple for both balance sheet years (2020 and 2019). At which yearend was it better? 2020 2019

What was the quick ratio at the end of each year? Only the first three current assets should be seen as quick assets.) At which yearend was it better?

2020 2019

Calculate the working capital at each yearend. Which was stronger?

2020 2019

Find the debt ratio and the corresponding equity ratio for each yearend. 2020 2019

Debt Ratio:

Equity Ratio:

Over this period of time, did Apple become more financed by debt, or more financed by shareholders?

Apples stock price is about $135.00 per share right now. That figure is in US dollars, as are all the values that we are using in this Apple analysis. For their yearend 2020, calculate the price/earnings ratio. Use diluted earnings per share.

What was Apples Profit Margin % in each of the three years for which you have data? (Use Net Income/ Total Net Sales.) Describe the trend you are seeing in this measurement. 2020 2019 2018