Inbox (464) - yxa40441@hawkmall.hacc.edu - H... 6.5 End of Chapter Exercises - Principles of Fin.. Discussions List - ACCT-150-R10 - Principles.. https:// 6. For fiscal year ending September, 2018, Apple, Inc. had a gross profit margin ratio of 38.3%, a net profit margin ratio of 27.4% and return on investment/assets of 19.7% and the total assets as of the end of the year was $ 375 billion. For the year ending September 2019, Apple reported the following amounts: Sales $260 billion Cost of Sales $162 billion Expenses not including taxes $33 billion Total Assets at the end of the year $339 billion Required: 1. Calculate the three profitability ratios for Apple for year ending September 2019. 2. Using those ratios describe the change in profitability for Apple between 2018 and 2019. 3. Indicate how each of the profitability ratios calculated in 2 will be affected by the following independent transactions/changes if they happened during fiscal 2020: Independent transaction or change in 2020 Gross Profit Net Profit Margin Return on Margin Ratio Ratio 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 Costs for Apple's phones stays the same as in to the right whether 2019 but Apple is forced to reduce the selling the ratio increases price of phones by 10% in 2020 because of or decreases or competition stays the same because of the Apple cuts its research and development change or expense by 20% but that does not change its transaction sales or any of their other costs to make their products. al statements tell us about the profitability of a company