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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
For every...