The following summarized data (amounts in millions) are taken from the September 27, 2014, and 1.0 3, 4, 6, 7 September 28, 2013, comparative financial statements of Apple Inc., a manufacturer of mobile communication and media devices, personal computers, portable digital music players, and seller of a variety of related software, services, accessories, networking solutions, and third-party digital content and applications:

At September 29, 2012, total assets were $176,064 and total shareholders' equity was $118.210.

Required:
a. Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 27, 2014, and September 28, 2013. Round your ratio answers to one decimal place.
b. Calculate Apple's ROE for the years ended September 27, 2014, and September 28, 2013. Round your percentage answers to one decimal place.
c. Calculate Apple's ROI, showing margin and turnover, for the years ended September 27, 2014, and September 28, 2013. Round your turnover calculations to two decimal places. Round your margin and ROI percentages to one decimal place.
d. Evaluate the company's overall liquidity and profitability.
The following historical data were derived from Apple Inc.'s consolidated financial statements (in millions):
Past data are not necessarily indicative of the results of future operations.

e. Calculate Apple Inc.'s total liabilities for each year presented above.
f. Are the trends expressed in these data generally consistent with each other?
g. In your opinion, which of these trends would be mast meaningful to a potential investor in common stock of Apple Inc.? Which trend would be least meaningful?
h. What other data (trend or otherwise) would you like to have access to before making an investment in Apple Inc.?

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2013 (Amounts Expressed in Millions) For the Fiscal Years Ended September 27 and September 28, respectively: Net sales Costs of sales Operating income Net income At Year End: Assets Current assets: 2014 $182,795 112,258 52,503 $ 39,510 $170,910 106,606 48,999 $ 37,037 13,844 Cash and cash equivalents Short-termmarketablesecurties Accounts reoeivable, less allowances of $84 and S 14,259 26,287 11,233 599, respectively Inventories Deferred tax assets Vendor nontrade recevables Other current assets 17,460 2,111 4,318 9.759 1,764 3,453 7,539 Total current assets Long-term marketable securities Property, part, and equipment, net Goodwil Acquired intangible assets, net Other assets 68.531 130,162 20,624 4.616 4,142 3.764 231.839 73,286 106,215 16,597 1,577 4.179 5.146 $207.000 Total assets Liabilities and Shareholders' Equity Current liabilities 30,196 18,453 8,491 22,367 13,856 7,435 Accounts payable Deferred revenue Commercial paper 63,448 3,031 28,987 Total current liabilities Deferred revenue Long-term debt.. Other noncurrent liabilities 43,658 2,625 16,960 noncurrent Total liabilites Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value, 12,600,000 shares authorized; 5,866,161 and 6,294,494 shares issued andoutstanding, respectvey.. .. Retained earnings Accumulated other comprehensive income (oss) 23,313 87,152 1,082 19,764 104,256 (47 1) Total shareholders' equity Total liabilites and sharehoders' equity. $231.839 3207.000 2010 $182,795 $170,910 $156,508 $108,249 $65,225 35,910 37,037 41,733 25,922 14,013 2014 2013 2012 2011 Net sales Net i Cash, cash equivalents, and marketable securities. Total assets Long-term debt Other long-term obligations".. Total sharehoders 155,239 146,761 121,251 81,570 51,011 231,839 207,000 176,064 116,37 75,183 0 24,826 20,208 16,664 10,100 5,531 111,547 123,549 118,210 76,615 47,791 28,97 16,960 0 equity term obligations Other long-tem exclude noncurent deferred revenue.