Financial Statement Analysis - Apple Inc.

Apple Inc. has reported the following financial data for the fiscal year ended September 30, 2023:

• Total Assets: $500,200 million
• Total Liabilities: $200,600 million
• Net Income: $80,900 million
• Total Revenue: $380,500 million
• Total Expenses: $299,600 million
• Average Shareholders' Equity: $299,600 million

Calculate the following financial ratios for Apple Inc.:

a) Return on Assets (ROA) b) Return on Equity (ROE) c) Debt-to-Equity Ratio d) Gross Profit Margin e) Net Profit Margin

Interpret each ratio and discuss the financial performance of Apple Inc. based on these ratios.