Financial Statement Analysis Project

Instructions:

This assignment involves an analysis of the financial ratios of Apple Inc. You are required to

examine Apple's most recently published annual financial statements $($September ${30}^{th},2023)$

and then:

$(1)$ calculate the ratios identified below. This will involve calculating the financial ratios for

the years ended September $30,2023,$ and September $24,2022.$ For each ratio you

calculate, it is important that you show your workings as written proof of how the ratios

were calculated. The one exception to this is Basic Earnings Per Share $($just take the

figure given in Apple's financial statements$).$

$(2)$ comment on each of the ratios, indicating whether the $2023$ figures were an

improvement or not on the $2022$ figures. This comment, at this stage, should be very

brief $($no more than one very short sentence$).$ Example "The ratio for $2023$ was an

improvement over $2022".$ Please avoid vague terms such as higher or lower. I want to

know whether you regard the $2023$ figure as better or worse than the $2022$ figure.

Help with only the "Account Receivable Turnover" for both

September $30,2023,$ and September $24,2022.$ Add the comments

for both years.