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Ratio Analysis Assignment (Apple Inc.)

Pages:
1 page
Sources:
2
Solution:
Solution Available NOW
Subject:
FINANCE
Language:
English (U.S.)
Date:
Total cost:
$ 4

INSTRUCTIONS:

Ratio Analysis Assignment (Apple Inc.)

SOLUTION:

Ratio Analysis Assignment (Apple Inc.)

Current Ratio

Current Ratio = Current Assets / Current Liabilities

C.R = 162,819,000,000 / 105,718,000,000

C.R = 1.54

There is $1.54 in the current asset for every dollar in current liabilities, indicating that Apple is financially viable (Yahoo Finance, n.d.).

Total Debt Ratio

Total Debt Ratio = Total Liabilities / Total Assets

T.D.R = 248,028,000,000 / 338,516,000,000

T.D.R = 0.73

A debt ratio of $0.73 shows that Apple is healthy since the lower the proportion, the less it owes creditors in comparison to its assets (Yahoo Finance, n.d.).

Total Asset Turnover

Total Asset Turnover = Total Revenue / Average Total Assets

T.A.T = 273,860,000,000 / (365,725,000,000 + 338,516,000,000) / 2

T.A.T = 0.7

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