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Instructions: Obtain Apple's annual report of Fiscal Year 2022 and answer the questions below. Hint: Go to the company's official website and look for the

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Instructions: Obtain Apple's annual report of Fiscal Year 2022 and answer the questions below. Hint: Go to the company's official website and look for the "Investor Relations" section. Download the 2022 annual report (also called Form 10-K). Do NOT use quarterly reports or reports of other years. 2. Who is the auditor of Apple? What is the auditor's opinion on Apple's 2022 financial statements? Performance 3. What is Apple's Net Profit Margin (Net Profit Margin = Net Income/Net Sales) of 2022? Has this ratio improved or declined over the last three years (2020-2022)? What does this tell you about Apple's profitability? Note: When time trend is asked for, you will need to use the comparative data provided in the annual report to compute ratios for 2020 and 2021. 4. How much income comes from non-operating transactions (express it as a percentage of "Income before provision for income taxes")? Has this percentage changed a lot over the last three years (20202022)? 5. What items are included in Apple's Other Comprehensive Income? Will the magnitude of Other Comprehensive Income affect your assessment of Apple's performance

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