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.

$\backslash$table$[[$Ratio$|,\backslash$table$[[$Year Ended$],[$September $30,2023]],\backslash$table$[[$Year Ended$],[$September $24,2022]]],[$Acid$-$Test Ratio,$\backslash$table$[[$quick assets$=$ cash & cash eq$+$marketable$],[$securitiestaccount receivable$],[=29,965$$$+31,590$$$+29,508$$$=91,603$$$],[$current liabilities $=145,308$$$],[$$$91,603/145,308$$$=\mathrm{.}63]],\backslash$table$[[=23,646$$$+24,658$$$+28,184$$$=76,488$$$],[$currently liabilities $=153,982$$$],[$acid test ratio $=76,488$$$/153,982$$$=\mathrm{.}49]]],[$Comments$,$Apple's $2023$ ratio was an improvement from the $2022$ ratio.$],[\backslash$table$[[$Accounts Receivable$],[$Turnover$]],$Help,$],[$Comments$,,]]$