Obtain the 2020 annual report of Apple, Inc. from the investor relations portion of its website After reviewing the annual report, respond to the following questions:

c. With regard to the balance sheet:

i. What amounts did Apple report as total assets, liabilities, and stockholders equity for 2020?

ii. What amounts were reported as current assets and current liabilities for the years presented?

d. Some common ratios used by analysts are based on income statement and balance sheet information.

i. Assess Apple's liquidity using the working captial (current assets - current liabilities) and current ratio (current assets current liabilities).

ii. Assess Apple's profitability by using the return on assets (net income average total assets) and return on equity (net income average total

stockholders' equity).

iii. Assess efficiency using asset turnover (sales average total assets).