you recommend to help picu EYK4-10. Working with the Takeaways Throughout this chapter we have considered the financial Star ments of Apple Inc. and have undertaken select financial analysis using the Takeaways. Utiliza these same tools to analyze the financial data of Logitech International, a manufacturer of com- puter peripherals. The following information was reported by Logitech in the company's financial statements as of year-end March 31, 2017 and 2016: March 31 (in thousands) Current assets . . . . . . . . . . . . . . . ....................... ... Total assets .... Current liabilities. ... Total liabilities............. Net sales................ Net income............. Cash provided by operating activities......................... Expenditures on property, plant, and equipment .......... 2017 $1,027,845 1,498,677 507,078 642,566 2,221,427 205,876 278,728 31,804 2016 $ 926,247 1,324,147 414,930 564,199 2,018,100 119,317 183,111 56,615 Required 1. Calculate the return on sales ratio for each year and comment on Logitech's profitability. 2. Calculate the current ratio for each year and comment on Logitech's liquidity. 3. Calculate the debt-to-total-assets ratio for each year and comment on Logitech's solvency. 4. Calculate the free cash flow for each year and comment on what this means for Logitech. 5. Apple's fiscal year-end occurs near the end of September, whereas Logitech uses a March year- end. How might this affect a comparison of the financial results of the two companies? EYK 4.10 2017 2016 Better or worse? Return on Sales Current ratio Debt-to- total assets Free Cash Flow