Imagine that you are an analyst who has been asked to produce areport on Apples

Imagine that you are an analyst who has been asked to produce areport on Apples financial performance including its ability toattain its objectives over the last five (5) years. You are toreport your findings to your boss. You should assume that your bosshas no prior knowledge of Apples specific strategy. Your task isto shed light on the companys results thoroughly explaining anydeviations from projections. This means that it is not sufficientto describe the ratios you have calculated. Rather you are toprovide an overall analysis with an assessment of whether thesefinancial ratios and analyses are supportive of Apples strategy orwhether Apple may be required to modify its strategy because of anyfinancial constraints indicated. A major part of this reportinvolves projections or forecasting. Part A Access Apples balancesheets and income statements for the last 5 years from the Appleweb site (http://investor.apple.com/financials.cfm). Fromthose statements calculate the financial ratios for Apple for eachof the past 5 years as noted below. 1. Liquidity Ratio: For eachof the indicated five (5) years you need address only the CurrentRatio. 2. Profitability Ratio: For each of the five (5) indicatedyears you need address only the Return on Investment. 3. ActivityRatio: For each of the five (5) indicated years you need addressonly the Asset Turnover. 4. Leverage Ratio: For each of the five(5) indicated years you need only address the Debt to Asset Ratio.5. Other Ratios: For each of the five (5) indicated years you needonly the Dividend Yield on Common Stock.