Specifically interpret apple financial condition

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Reference no: EM13489777

Based on these ratios, specifically interpret Apple's financial condition by using examples of Profitability Ratios, Leverage Ratios, Liquidity Ratios, and Efficiency Ratios.
1. Current Ratio = Total Current Assets/Total Current Liabilities

57,653 / 38,542 = 1.50

2. Debt to Equity Ratio = Total Liabilities/Total Shareholders' Equity

57,854 / 118,210 = .49

3. Inventory Turnover Ratio = Cost of Sales/Average Inventory

87,846 / (791+776)/2 = 112.12

4. Return on Assets Ratio = Net Income/Average Total Assets

41,733 / (176,064+116,371)/2 = .29

5. Gross Margin Ratio = Gross Profit/Net Sales

(156,508-87,846) / 156,508 = .44

6. Profit Margin Ratio = Net Income/Net Sales

41,733 / 156,508 = .27

7. Return on Equity Ratio = Net Income/Average Shareholders' Equity

41,733 / (118,210+76,615)/2 = .43

8. Working Capital = Total Current Assets - Total Current Liabilities
• 57,653 - 38,542 = 19,111

Reference no: EM13489777

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