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 1.50 2. Debt to Equity Ratio = Total Liabilities/Total Shareholders Equity .49 3. Inventory Turnover Ratio = Cost of Sales/Average Inventory 112.12 4. Return on Assets Ratio = Net Income/Average Total Assets .29 5. Gross Margin Ratio = Gross Profit/Net Sales .44 6. Profit Margin Ratio = Net Income/Net Sales .27 7. Return on Equity Ratio = Net Income/Average Shareholders Equity .43 8. Working Capital = Total Current Assets Total Current Liabilities 19,111