Question 1 of 1 - /20 View Policies Current Attempt in Progress Your parents are considering investing in Apple Inc. common stock. They ask you, as an accounting expert, to make an analysis of the company for them. Financial statements of Apple are available in Appendix A. The complete annual report, including the notes to its financial statements, is available at the company's website. Go to http://investor.apple.com. (a 1) Make a 5-year trend analysis, using 2015 as the base year, of net sales and net income. (Enter amounts in millions. Round percentage answers to 0 decimal places, e.g. 12%.) APPLE, INC. Trend Analysis of Net Sales and Net Earnings For the Five Years Ended 2019 Base Period 2015-($ in millions) 2019 2018 2017 Net Sales $ $ $ Net Sales Trend % % % Net Income $ $ $ Net Income Trend % % % (b) Compute for 2019 and 2018 the debt to assets ratio and times interest earned. (Round time interest earned answers to 1 decimal place, e.g. 15.2.) 2019 2018 Debt to Assets Ratio % % Times Interest Earned times times (c1) Compute for 2019 and 2018 the profit margin, asset turnover, return on assets, and return on common stockholders' equity. How would you evaluate Apple's profitability? Total assets at September 30, 2017, were $375,319 million and total stockholders' equity at September 30, 2017, was $134,047 million. (Round Asset turnover to 2 decimal places, e.g. 15.25 and all other answers to 1 decimal place, eg 15.2%.) 2019 2018 Profit Margin % % Asset Turnover times times Return on Assets % % Return on Common Stockholders' Equity % % Question 1 of 1 - /20 View Policies Current Attempt in Progress Your parents are considering investing in Apple Inc. common stock. They ask you, as an accounting expert, to make an analysis of the company for them. Financial statements of Apple are available in Appendix A. The complete annual report, including the notes to its financial statements, is available at the company's website. Go to http://investor.apple.com. (a 1) Make a 5-year trend analysis, using 2015 as the base year, of net sales and net income. (Enter amounts in millions. Round percentage answers to 0 decimal places, e.g. 12%.) APPLE, INC. Trend Analysis of Net Sales and Net Earnings For the Five Years Ended 2019 Base Period 2015-($ in millions) 2019 2018 2017 Net Sales $ $ $ Net Sales Trend % % % Net Income $ $ $ Net Income Trend % % % (b) Compute for 2019 and 2018 the debt to assets ratio and times interest earned. (Round time interest earned answers to 1 decimal place, e.g. 15.2.) 2019 2018 Debt to Assets Ratio % % Times Interest Earned times times (c1) Compute for 2019 and 2018 the profit margin, asset turnover, return on assets, and return on common stockholders' equity. How would you evaluate Apple's profitability? Total assets at September 30, 2017, were $375,319 million and total stockholders' equity at September 30, 2017, was $134,047 million. (Round Asset turnover to 2 decimal places, e.g. 15.25 and all other answers to 1 decimal place, eg 15.2%.) 2019 2018 Profit Margin % % Asset Turnover times times Return on Assets % % Return on Common Stockholders' Equity % %
