Answer the following questions by reading Apple Inc. US SEC 10-K report

Answer the following questions by reading Apple Inc. US SEC 10-K report found here:/d17062d10k.htm

Part A: The Income Statement What are the major sources of income for the organization? What is the breakdown of each source of revenue as a percentage of total income? What are the costs?

Part B: The Balance Sheet How much does the company have in cash and short-term investments? Look at the cash against current liabilities? What are the current liabilities? Does the company have enough cash to pay off its short-term debt (current liabilities)? What is the company’s working capital? (Hint: you have to calculate this.) What is the company’s current ratio? What does this mean? What is the company’s debt-to-equity ratio? What does this mean?