Working on practice for these accounting concepts. Thanks for any help! :) Did my best on picture quality, so I apologize if it's a little difficult to read.

Students will use the data from Apple Inc.s 2016 financial statements provided both in class and in the Financial Statement Analysis Project section of the Content in D2L to complete the following:

1. Calculate the following ratios:

a. Current Ratio

b. Working Capital

c. Acid-Test Ratio

d. Accounts Receivable Turnover

e. Days Sales Uncollected

f. Inventory Turnover

g. Days Sales in Inventory

h. Total Asset Turnover

i. Debt Ratio

j. Equity Ratio

k. Debt-to-Equity Ratio

l. Times Interest Earned (hint check out Note 3 Consolidated Financial Statement Details)

m. Profit Margin

n. Return on Total Assets

o. Return on Common Equity

2. Given the results of the ratio calculations, assess Apples liquidity, efficiency, solvency, and profitability. Assume that it offers 30-day credit terms for Accounts Receivable.

3. Create a horizontal analysis showing the amount and change using the 2016 and 2015 Balance Sheet information.

4. Create a vertical analysis showing using the 2016 Income Statement.

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CONSOLIDATED In millions except number of shaes v EN RE amounts september 26 2015 tember 24 2014 Net sales Cost of sales 182 795 112,258 93.626070,537 131.376 Gross margin Operating expenses Research and dev elopment Selling, general and administrativ e 14 194 24,239 067 14,329 22 396IEERI 04 11 993 18.0 Total operating expenses Operating income Other income/ (expense), net Income before prov ision for income taxes Provision for income taxes Net income 980 53.483 13.973 1110145 637531394 339.510 1343 37 285 51 9. 12 15685 Earnings per share Basic Diluted 49 Shares used in computing eanings Basic Diluted 42 6.085,5 Cash dividends declared per shre See accompary ing Nots me ONSQLIOAT (In millions except runiber o shes September 2), 2015 Current assets 20 464 S 21, 120 20,481 16,849 Cash and cash equiv alents Short-term marketable securities Accounts receiv able, less allowances of $53 and $63, respectively Inventories Vendor non-trade receiv ables Other current assets 46,671 151754 2,132 13.545 8,283 106,869 2,349 13,494 15,085 89,378 Total current assets Long-term marketable securities Property, plant and equipment, net Goodwin Acquired intangible assets, net Other non-current assets 170.430 27.010 5,414 3,206 8,757 164,065 22,471 5,116 3,893 5,422 Total assets 321.686 S290, 345 LIABILITIES AND SHAREHOLDERS EQUITY: Current liabilities Accounts pay able Accrued expenses Def erred rev enue Commercial paper Current portion of long-term de 37.294 S 22,027 8,080 3, 105 3,500 79,006 35,490 25, 181 8,940 3,499 2,500 80,610 Total current liabilities Det erred rev enue, non-curent Long-term debt Other non-current liabilities 2,930 75,427 36,074 193.437 3,624 53,329 33,427 Total liabilities 170,990 Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, 50.00001 par lue 12,600,000 shar authorized, 5,336,166 and 5,578753 shares issued and outstanding. respectively Retained earnings 31,251 96,364 634 128,249 27,416 92,284 (345) Accumulated other comprehensiv e income/loss) Total shareholders' oquity Total liabilitios and shareholdors equi 119,355 290,345 321,686 S