With the help of accounting ratios, Analyze and discuss the Solvency performance of the Apple company.

Years ended Cost of sales: \begin{tabular}{lrrrr} Products & 201,471 & 192,266 & 151,286 \\ Services & 22,075 & & 20,715 & 18,273 \\ \cline { 2 - 3 } \cline { 5 - 5 } Total cost of sales & 223,546 & & 212,981 & 169,559 \\ \cline { 2 - 3 } \cline { 5 - 5 } Gross margin & 170,782 & & 152,836 & 104,956 \\ \cline { 4 - 5 } & & & & \end{tabular} Operating expenses: Current assets: CashandcashequivalentsMarketablesecuritiesAccountsreceivable,netInventoriesVendornon-tradereceivablesOthercurrentassetsTotalcurrentassets$23,64624,65828,1844,94632,74821,223135,405$27,69926,2786,58025,22814,111134,83634,840 Non-current assets: LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: \begin{tabular}{lrrr} Acoounts payable & $64,115 & $ & 54,763 \\ Other current liabilities & 60,845 & & 47,493 \\ Deferred revenue & 7,912 & 7,612 \\ Commercial paper & 9,982 & 6,000 \\ Term debt & 11,128 & 9,613 \\ \cline { 2 - 4 } Total current liabilities & 153,982 & & 125,481 \end{tabular} Non-current liabilities: \begin{tabular}{lrrr} Term debt & 98,959 & 109,106 \\ Other non-current liabilities & 49,142 & 53,325 \\ \cline { 2 - 2 } Total non-current liabilities & 162,431148,101 \\ \cline { 2 - 3 } Total liabilities & 302,083 & & 287,912 \\ \end{tabular} Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,943,425 and 16,426,786 shares issued and outstanding, respectively