Financial Statement

Research Apple Inc. on the Internet and download the Income Statement, Statement of Shareholders’ Equity, Balance Sheet, and Statement of Cash Flows.

Develop a minimum 700-word examination of the financial statements and include the following:

• Determine the net income for the current fiscal year (FY). Is this income up or down from the prior year?
• Explain the relevance of changes in net income to investors.
• Determine the ending balance in shareholders’ equity. Why would organizations such as labor unions be interested in this?
• Determine the total value of assets.
• Discuss the relevance of the total value of assets to potential creditors and why this is important.
• Compute the return on assets. Discuss the relative profitability of the company based on your results.
• Compute the working capital and current ratio. Evaluate the relative liquidity of the company based on your results.
• Compute the debt to assets ratio and the free cash flow for your company. Analyze the results and comment on the relative solvency of the company.
• Discuss how the financial statements are used in your current role or a position you would like to hold. How might these aid you in managerial decision making?

Show your work in Microsoft^® Word or Excel^®.

Complete calculations/computations using Microsoft^® Word or Excel^®.

Include the four financial statements along with your assignment.

Format your assignment consistent with APA guidelines.