Using the information from Apple, solve and interpret the following ratios and questions. Explain what the ratios mean and make sure to include calculation formula:

 

Item 6 -Operating Margin and Profit Margin Ratios

Item 7- ROA and ROE 

Item 8- What are some factors that can affect your financial analysis of APPLE Inc.? 

Item 9 - Would you buy or sell APPLE Stock and Why?

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Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and par value) Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Vendor non-trade receivables Inventories 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 Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities Commitments and contingencies Shareholders' equity: ASSETS: LIABILITIES AND SHAREHOLDERS' EQUITY: September 30, September 24, 2023 2022 $ 29,965 $ 23,646 31,590 24,658 29,508 28,184 31,477 32,748 6,331 4,946 14,695 21,223 143,566 135,405 100,544 120,805 43,715 42,117 64,758 54,428 209,017 217,350 $ 352,583 $ 352,755 $ 62,611 $ 64,115 58,829 60,845 8,061 7,912 5,985 9,982 9,822 11,128 145,308 153,982 95,281 98,959 49,848 49,142 145,129 148,101 290,437 302,083 Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,550,061 and 15,943,425 shares issued and outstanding, respectively Accumulated deficit 73,812 64,849 (214) (3,068) Accumulated other comprehensive loss (11,452) (11,109) Total shareholders' equity Total liabilities and shareholders' equity 62,146 50,672 $ 352,583 $ 352,755 Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and par value) Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Vendor non-trade receivables Inventories 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 Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities Commitments and contingencies Shareholders' equity: ASSETS: LIABILITIES AND SHAREHOLDERS' EQUITY: September 30, September 24, 2023 2022 $ 29,965 $ 23,646 31,590 24,658 29,508 28,184 31,477 32,748 6,331 4,946 14,695 21,223 143,566 135,405 100,544 120,805 43,715 42,117 64,758 54,428 209,017 217,350 $ 352,583 $ 352,755 $ 62,611 $ 64,115 58,829 60,845 8,061 7,912 5,985 9,982 9,822 11,128 145,308 153,982 95,281 98,959 49,848 49,142 145,129 148,101 290,437 302,083 Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,550,061 and 15,943,425 shares issued and outstanding, respectively Accumulated deficit 73,812 64,849 (214) (3,068) Accumulated other comprehensive loss (11,452) (11,109) Total shareholders' equity Total liabilities and shareholders' equity 62,146 50,672 $ 352,583 $ 352,755