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. Go online to access Apples 2015 annual report, including the notes to the financial statements.

Make a 3-year trend analysis, using 2013 as the base year, of net sales and net income. (Enter amounts in millions. Round percentage answers to 0 decimal places, e.g. 12%.)

APPLE, INC. Trend Analysis of Net Sales and Net Income For the Three Years Ended 2015
		2015			2014			2013
Net Sales		$			$			$
Net Sales Trend			%			%			%
Net Income		$			$			$
Net Income Trend			%			%			%

(b) Compute for 2015 and 2014 the profit margin, asset turnover, return on assets, and return on common stockholders equity. How would you evaluate Apples profitability? Total assets at September 28, 2013, were $207,000 and total stockholders equity at September 28, 2013, was $123,549. (Round Asset turnover to 2 decimal places, e.g. 15.25 and all other answers to 1 decimal place, e.g 15.2%.)

		2015			2014
Profit Margin			%			%
Asset Turnover			times			times
Return on Assets			%			%
Return on Common Stockholders Equity			%			%

(c1) Compute for 2015 and 2014 the debt to assets ratio and times interest earned. (Round answers to 1 decimal place, e.g. 15.2. Do not leave any answer field blank. Enter 0 for amounts.)

		2015			2014
Debt to Assets Ratio			%			%
Times Interest Earned			times			times