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* Your answer is incorrect. Your parents are considering investing in Apple Inc. common stock. They ask you, as an accounting expert, to make
* Your answer is incorrect. Your parents are considering investing in Apple Inc. common stock. They ask you, as an accounting expert, to make an analysis of the company for them. Financial statements of Apple are available in Appendix A. The complete annual report, including the notes to its financial statements, is available at the company's website. (a1) Make a 5-year trend analysis, using 2015 as the base year, of net sales and net income. (Enter amounts in millions. Round percentage answers to O decimal places, e.g. 12%.) Net Sales Net Sales Trend Net Income Net Income Trend 19 to 2019 182796 6.95 39510 36 6.68 % A 19 APPLE, INC. Trend Analysis of Net Sales and Net Earnings For the Five Years Ended 2019 Base Period 2015-($ in millions) 2018 170910 7.82 % 37037 -11.25 % 19 2017 158508 46.43 36 41733 60.99 % (b) Compute for 2019 and 2018 the debt to assets ratio and times interest earned. (Round time interest earned answers to 1 decimal place, eg. 15.2) 2019 Debt to Assets Ratio 0.125 % 2018 0.082 % Times Interest Earned 139.28 times 368.79 times
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