Question: Table P2.4 shows financial statements for Apple Computer Corporation. The closing stock price ofr Apple was $128.24 on September 26,2008. The average number of outstanding

Table P2.4 shows financial statements for Apple Computer Corporation. The closing stock price ofr Apple was $128.24 on September 26,2008. The average number of outstanding shares was 982.11 million. On the basis of the financial data presented, compute the various financial ratios and make an informed analysis of Apple's financial health.
(a) Debt ratio
(b) Times - interest - earned ratio
(c) Current ratio
(d) Quic (acid - test) ratio
(e) Inventory - turnover ratio
(f) Day's - sales - outstanding
(g) Total - assets - turnover ratio
(h) Profit margin on sales
(i) Return on total assets
(j) Return on common equity
(k) Price / earnings ratio
(l) Book value per share

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