Analysis of liquidity and profitability measures of Apple Inc. The following summarized data (amounts in millions) are taken from the September 24, 2011, and September 25, 2010, comparative financial statements of Apple Inc., a manufacturer of personal computers, portable digital music players, and mobile communications devices, along with a variety of related software, services, peripherals, and networking solutions:

At September 26, 2009, total assets were $47,501 and total shareholders' equity was $31,640.

Required:
a. Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 24, 2011, and September 25, 2010. Round your ratio answers to one decimal place.
b. Calculate Apple's ROE for the years ended September 24, 2011, and September 25, 2010. Round your percentage answers to one decimal place.
c. Calculate Apple's ROI, showing margin and turnover, for the years ended September 24, 2011, and September 25, 2010. Round your turnover calculations to two decimal places. Round your margin and ROI percentages to one decimal place.
d. Evaluate the company's overall liquidity and profitability.
The following historical data were derived from Apple Inc.'s consolidated financial statements (in millions):

e. Calculate Apple Inc.'s total liabilities for each year presented above.
f. Are the trends expressed in these data generally consistent with each other?
g. In your opinion, which of these trends would be most meaningful to a potential investor in common stock of Apple Inc.? Which trend would be least meaningful?
h. What other data (trend or otherwise) would you like to have access to before making an investment in AppleInc.?

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2011 (Amounts Expressed in Millions) For the Fiscal Years Ended September 24 and September 25, respectively: Net sales Costs of sales. Operating income.w.. Net income..*... . At Year End: Assets Current assets 2010 $108,249 64,431 33,790 S 25,922 $65,225 39,541 18,385 $14,013 $ 9,815 16,137 5,369 $ 11,261 14,359 Cash and cash equivalents... 8 1,051 1,636 6,348 4,529 44,988 55,618 7,777 4 3,447 41,678 25,391 4,768 Other current assets.ww.WWWSPRON Total current assets.. Long-term marketable securities Property, plant, and equipment, net .. . . . . .. . . . . . . . Acquired intangible assets, net... Other assets.. 3,536 Total assets. .. Liabilities and Shareholders' Equity Current liabilities: S 14,632 9,247 4,091 27,970 $12,015 5,723 Accrued expenses...E Deferred revenue Total current liabilities 20,722 Other noncurrent liabilities. 10,100 Total liabilities Shareholders' equity: Common stock, no par value, 1,800,000 shares authorized; 929,277 and 915,970 shares issued 13,331 62,841 10,668 37,169 Retained earnings.... Accumulated other comprehensive income (oss) Total shareholders' equity.. Total liabilities and shareholders' equity. 47,791 2011 $108,249 $65,225 $42,905 $37,491 $24,578 2010 2009 2008 2007 Net sales Cash, cash equivalents, and . 81,570 51,011 33,992 24,490 15,386 marketable securities Total assets.. Shareholders' equity.76,615 47,791 27,832 22,297 14,531 Long-terrn debt obligations 116,371 75,183 53,851 36,171 24,878 ....10,100 5,531 3,52 1 1,745 687 Apple Inc. did not have any long-term debt during the five years endad September 24, 2011. Long-term obigations exclude noncurrent deferred revenue.