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