Write a 2-page summary in which you describe what you observe about the financial ratios for APPLE company (double spaced). And you can also discuss the most interesting and relevant changes from one year to the next from your calculations. After reading the M A&D, income statement, balance sheet and footnotes from Yahoo finance, you should have a good idea of why certain ratios and figures changed from one year to the next. If certain changes are not explained, try to think of reasons why the figures might have changed. For example, did one part of an equation change in greater proportion than another part? (i.e. did a numerator grow much faster than a denominator?) Why might that have occurred?These observations will vary greatly depending upon the company you are analyzing. Some things you may want to consider are:Has the company drastically increased or decreased its use of debt?Has the companys liquidity position changed over the three years?Has ROE been rising or falling? If so, what has contributed to this change?What trends do you see developing in the data?Do you see any major changes in the financial status of the company over the time period?The ratios you may need are Return on Assets, Return on Sales, Assets-to-Equity, Return on Equity, Return on Equity, Asset Turnover, A/R turnover rate, Inventory turnover rate, Fixed asset turnover, Debt ratio, debt-to-equity ratio, time interest earned, current ratio, working capital.