Using the balance sheet and income statement, calculate the following two financial ratios for the firm, including the internal and sustainable growth rates.

- market-to-book ratio

- price earnings ratio       

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Current assets: Cash and cash equivalents Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities ASSETS: LIABILITIES AND SHAREHOLDERS' EQUITY: September 24, 2022 September 25, 2021 23,646 $ 24,658 28,184 4,946 32,748 21,223 135,405 120,805 42,117 54,428 217,350 352,755 $ 64,115 $ 60,845 7,912 9,982 11,128 153,982 34,940 27,699 26,278 6,580 25,228 14,111 134,836 127,877 39,440 48,849 216,166 351,002 54,763 47,493 7,612 6,000 9,613 125,481 Current assets: Cash and cash equivalents Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities ASSETS: LIABILITIES AND SHAREHOLDERS' EQUITY: September 24, 2022 September 25, 2021 23,646 $ 24,658 28,184 4,946 32,748 21,223 135,405 120,805 42,117 54,428 217,350 352,755 $ 64,115 $ 60,845 7,912 9,982 11,128 153,982 34,940 27,699 26,278 6,580 25,228 14,111 134,836 127,877 39,440 48,849 216,166 351,002 54,763 47,493 7,612 6,000 9,613 125,481

Answer rating: 100% (QA)

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