Type "AAPL" in Company and Person Lookup box and hit search

Select $10-$K $($annual reports on left side of screen$)$ and click October $28,2022.$ Open document.

Scroll to the financial statements $($Item $8)$ or click the financial statement hyperlink

Compute the ratios below using the financial statements and answer the questions.

Compute the following ratios for both $2022$ and $2021.$ Put your answer in the appropriate column. Round to two decimal places.

Note $1$: Cost of Goods Sold is equivalent to Cost of Sales.

Note $2$: Gross profit is equivalent to Gross Margin.

Note $3$: For ratios that need averages for $2022,$ you will add $2022$ numbers $+2021$ numbers and divide by $2.$ For ratios that need averages for $2021,$ you will add $2021$ numbers $+2020$ numbers and divide by $2.$ I have provided the $2020$ numbers below that you will need.

$2020($in millions$)$

Total Assets$$ $$323,888$

Total AR$,$ net$$ $$16,120$

Total Inventory$$ $$4,061$

Ratio

$20222021$

Current Ratio

Quick Ratio $($quick assets for

apple are cash, marketable

securities$,$ and AR$,$ net$)$

AR Turnover

Average Collection Period

Inventory Turnover

Average days in Inventory

Total Asset Turnover

Debt Ratio

Equity Ratio

Debt to Equity Ratio

Profit Margin

Gross Profit Ratio

Return on Assets