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I need help with this problem. Very much appreciated! APPLE HOMEWORK RATIOS The Apple Financial Statements for 2014, 2013 and 2012 are included. To calculate
I need help with this problem. Very much appreciated!
APPLE HOMEWORK RATIOS The Apple Financial Statements for 2014, 2013 and 2012 are included. To calculate averages on the balance sheet, use the following formula: (Beginning balance + Ending balance) /2 Use only two decimal points and do not round any numbers 1. calculate liquidity and solvency ratios for 2014 and 2013 2. Compare these ratios between 2014 and 2013. Analyze any increases or decreases. Is the company' s liquidity and solvency better in 2014 or in 2013? What can be done in the future to improve liquidity and solvency? P.S.: The Income Statement does not have "Interest Expense"- Therefore the Times Interest Earned ratio will not be calculatedStep by Step Solution
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