Scenario 42: Financial Ratios - Apple Inc.

Apple Inc. has provided the following financial data for the fiscal year ended September 30, 2023:

• Total Assets: $478,372 million
• Total Liabilities: $282,678 million
• Net Income: $98,835 million
• Total Revenue: $369,506 million
• Total Expenses: $270,671 million
• Average Shareholders' Equity: $195,694 million

Calculate the following financial ratios for Apple Inc.:

a) Return on Assets (ROA) b) Return on Equity (ROE) c) Debt-to-Equity Ratio d) Gross Profit Margin e) Net Profit Margin

Interpret each ratio and discuss the financial performance of Apple Inc. based on these ratios.