Chapter 3 ratios due 0225 5 points maximum for excellent work default grade B or 4.25 points for good work 1. Obtain Microsoft and Apple's recent annual reports (you have already done this for a previous assignment). 2. Please attach - For each company the balance sheet and income statement and highlight the accounts, subtotals and totals listed in part 1 of the attached spreadsheet. For interest expense, you will also need to obtain and highlight the relevant footnote. Save the statements and footnote as a PDF document (or two) and highlight the relevant data. (1.5 points, max half credit if not highlighted; penalty if you attach the entire annual report). 3. Complete the cells in part 1 of the spreadsheet (or copy and paste below). 1.5 pts Copy and paste if you prefer to submit a Word file. 5. Explain the amounts and ratios in part 2. Compare the two companies' liquidity and solvency. 2pts Copy and paste if you prefer to submit a Word file. 166 words Part 1. Data Microsoft Apple AVA IL For year ending, date In billions, rounded; if less than 10 billion show one decimal point. List all numbers as positive. Current Assets Current Liabilities Total Libilities Total Equity Net Income Interest Expense in your highlighted PDFs, please show both the income statement and footnote; careful with the billions Income Tax Expense C Part 2. Ratios and Analysis: The ratios will load automatically once you enter the correct data above. Your job is to comment. Comment: What do theses numbers/ratios mean? Compare the two companies. Current ratio Working Capital billions Debt/Equity Numerator of TIE ratio (billions) Times Interest Carned Chapter 3 ratios due 0225 5 points maximum for excellent work default grade B or 4.25 points for good work 1. Obtain Microsoft and Apple's recent annual reports (you have already done this for a previous assignment). 2. Please attach - For each company the balance sheet and income statement and highlight the accounts, subtotals and totals listed in part 1 of the attached spreadsheet. For interest expense, you will also need to obtain and highlight the relevant footnote. Save the statements and footnote as a PDF document (or two) and highlight the relevant data. (1.5 points, max half credit if not highlighted; penalty if you attach the entire annual report). 3. Complete the cells in part 1 of the spreadsheet (or copy and paste below). 1.5 pts Copy and paste if you prefer to submit a Word file. 5. Explain the amounts and ratios in part 2. Compare the two companies' liquidity and solvency. 2pts Copy and paste if you prefer to submit a Word file. 166 words Part 1. Data Microsoft Apple AVA IL For year ending, date In billions, rounded; if less than 10 billion show one decimal point. List all numbers as positive. Current Assets Current Liabilities Total Libilities Total Equity Net Income Interest Expense in your highlighted PDFs, please show both the income statement and footnote; careful with the billions Income Tax Expense C Part 2. Ratios and Analysis: The ratios will load automatically once you enter the correct data above. Your job is to comment. Comment: What do theses numbers/ratios mean? Compare the two companies. Current ratio Working Capital billions Debt/Equity Numerator of TIE ratio (billions) Times Interest Carned