Name Class Time #3 Financial Statement Analysis In appendix B of the textbook, you will find the financial statements for Apple, Inc. (Appendix Ap. 745 of the hardback textbook). Use these statements to answer the following questions. Submit to your Canvas Lab site Ratio Analysis: (refer to pages 396-398 for help) Calculate ROA for Apple In both 2015 and 2016 using the following DuPont model (assume Total Assets at the end of 2014 are $285,000): 2015: Net Profit Margin X Total Asset Turnover ROA 1 ROA 2016: Net Profit Margin X Total Asset Turnover 2. Apple's 2015 Net Profit Margin ratio indicates that for every $1 in Sales Revenue, the company earns in Net Income. 3. Apple's 2016 ROA indicates that for every $1 invested in assets, the company earns $ in Net Income. Did Apple's ROA improve or weaken in 2016? Discuss a reason why its ROA either improved or weakened based on your analysis of the DuPont model you calculated above. 5 What is the balance in Apple's Goodwill account in 2016? Notes to the Financial Statements: (for these questions, refer to pgs. 755-762) 6. What method of depreciation does Apple use? Name Class Time #3 Financial Statement Analysis In appendix B of the textbook, you will find the financial statements for Apple, Inc. (Appendix Ap. 745 of the hardback textbook). Use these statements to answer the following questions. Submit to your Canvas Lab site Ratio Analysis: (refer to pages 396-398 for help) Calculate ROA for Apple In both 2015 and 2016 using the following DuPont model (assume Total Assets at the end of 2014 are $285,000): 2015: Net Profit Margin X Total Asset Turnover ROA 1 ROA 2016: Net Profit Margin X Total Asset Turnover 2. Apple's 2015 Net Profit Margin ratio indicates that for every $1 in Sales Revenue, the company earns in Net Income. 3. Apple's 2016 ROA indicates that for every $1 invested in assets, the company earns $ in Net Income. Did Apple's ROA improve or weaken in 2016? Discuss a reason why its ROA either improved or weakened based on your analysis of the DuPont model you calculated above. 5 What is the balance in Apple's Goodwill account in 2016? Notes to the Financial Statements: (for these questions, refer to pgs. 755-762) 6. What method of depreciation does Apple use