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Prepare a comparative analysis of Apple Inc.'s income statements for the fiscal years 2022 and 2023. Highlight key trends and assess the company's performance over

  • Prepare a comparative analysis of Apple Inc.'s income statements for the fiscal years 2022 and 2023. Highlight key trends and assess the company's performance over the two years. b. Calculate and analyze the following financial ratios for 2023: i. Liquidity Ratios: Current Ratio and Quick Ratio. - Current Ratio: 2022 - 1.5; 2023 - 1.8 - Quick Ratio: 2022 - 1.2; 2023 - 1.5 ii. Profitability Ratios: Gross Profit Margin, Net Profit Margin, and Return on Assets (ROA). - Gross Profit Margin: 2022 - 39%; 2023 - 42% - Net Profit Margin: 2022 - 23%; 2023 - 25% - ROA: 2022 - 15%; 2023 - 18% iii. Solvency Ratios: Debt-to-Equity Ratio and Interest Coverage Ratio. - Debt-to-Equity Ratio: 2022 - 0.4; 2023 - 0.3 - Interest Coverage Ratio: 2022 - 10; 2023 - 12 c. Comment on any significant changes in these ratios compared to the previous year and interpret their implications for Apple's financial health.

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