Make a 3-year trend analysis, using 2013 as the base year, of (1) net sales and (2) net income. (Round percentages to O decimal places, e.g. 15% and enter amounts in millions.) APPLE INC. Trend Analysis of Net Sales and Net Income For the Three Years Ended 2015 2015 2014 2013 (1) Net sales $ 182,796 $ I 170,910 Trend % 6.95 % 7.82 9 (2) Net income $ $ 39,510 37,037 Trend % 6.68 % - 11.25 9 Compute for 2015 and 2014 the (1) profit margin, (2) asset turnover, (3) return on assets, and (4) return on common stockholders' equity. Total assets at September 28, 2013, were $207,000 and total stockholders' equity at September 28, 2013, was $123,549. (Round Percentages to 1 decimal places, e.g. 15.2% and times to 2 decimal places, e.g. 15.25.) 2015 2014 1. Profit Margin % % 2. Asset Turnover times times 3. Return on Assets % % 4. Return on Common Stockholders' Equity % % Compute for 2015 and 2014 the (1) debt to assets ratio and (2) times interest earned. (Round answers to 1 decimal place, e.g. 15.2.) 2015 2014 1. Debt to Assets Ratio % % 2. Times Interest Earned times times Operating activities: Adjustments to reconcile net income to cash generated by operating activities: Share-based compensation expense 3,586 2,863 2,253 Changes in operating assets and liabilities: Inventories (238) (76) (973) Other current and non-current assets (179) 167 1,080 Deferred revenue 1,042 1,460 1,459 Cash generated by operating activities 81.266 59,713 53,666 Purchases of marketable securities (166,402) (217,128) (148,489) Proceeds from sales of marketable securities 107,447 189,301 104,130 Payments for acquisition of property, plant and equipment (11,247) (9,571) (8,165) Other (26) 16 (160) Financing activities: Excess tax benefits from equity awards 749 739 701 Dividends and dividend equivalents paid (11,561) (11,126) (10,564) Proceeds from issuance of term debt, net 27,114 11,960 16,896 Cash used in financing activities (17,716) (37,549) (16,379) Cash and cash equivalents, end of the year $ 21,120 $ 13,844 $ 14,259 Cash paid for income taxes, net $ 13,252 $ 10,026 $ 9,128 Make a 3-year trend analysis, using 2013 as the base year, of (1) net sales and (2) net income. (Round percentages to O decimal places, e.g. 15% and enter amounts in millions.) APPLE INC. Trend Analysis of Net Sales and Net Income For the Three Years Ended 2015 2015 2014 2013 (1) Net sales $ 182,796 $ I 170,910 Trend % 6.95 % 7.82 9 (2) Net income $ $ 39,510 37,037 Trend % 6.68 % - 11.25 9 Compute for 2015 and 2014 the (1) profit margin, (2) asset turnover, (3) return on assets, and (4) return on common stockholders' equity. Total assets at September 28, 2013, were $207,000 and total stockholders' equity at September 28, 2013, was $123,549. (Round Percentages to 1 decimal places, e.g. 15.2% and times to 2 decimal places, e.g. 15.25.) 2015 2014 1. Profit Margin % % 2. Asset Turnover times times 3. Return on Assets % % 4. Return on Common Stockholders' Equity % % Compute for 2015 and 2014 the (1) debt to assets ratio and (2) times interest earned. (Round answers to 1 decimal place, e.g. 15.2.) 2015 2014 1. Debt to Assets Ratio % % 2. Times Interest Earned times times Operating activities: Adjustments to reconcile net income to cash generated by operating activities: Share-based compensation expense 3,586 2,863 2,253 Changes in operating assets and liabilities: Inventories (238) (76) (973) Other current and non-current assets (179) 167 1,080 Deferred revenue 1,042 1,460 1,459 Cash generated by operating activities 81.266 59,713 53,666 Purchases of marketable securities (166,402) (217,128) (148,489) Proceeds from sales of marketable securities 107,447 189,301 104,130 Payments for acquisition of property, plant and equipment (11,247) (9,571) (8,165) Other (26) 16 (160) Financing activities: Excess tax benefits from equity awards 749 739 701 Dividends and dividend equivalents paid (11,561) (11,126) (10,564) Proceeds from issuance of term debt, net 27,114 11,960 16,896 Cash used in financing activities (17,716) (37,549) (16,379) Cash and cash equivalents, end of the year $ 21,120 $ 13,844 $ 14,259 Cash paid for income taxes, net $ 13,252 $ 10,026 $ 9,128