Presented below is Apple’s 3 Year Financial Results taken from their 2013 10K (annual report) which


Presented under is Apple's 3 Year Financial Results smitten from their 2013 10K (annual reverberation) which can be root on their website under SEC filings and annual reverberations:

http://investor.apple.com/sec.cfm#filings

All the figures under are presented in millions bar for the per share postulates. So yes, Apple generated $170 billion dollars in net sales in 2013.

2013 2012 2011
Net sales $              170,910 $              156,508 $              108,249
Net income $                37,037 $                41,733 $                25,922
Earnings per share:
Basic $                 40.03 $                 44.64 $                 28.05
Diluted $                 39.75 $                 44.15 $                 27.68
Cash dividends manifest per share $                 11.40 $                   2.65 $0
Shares used in computing earnings
per share:
Basic 925,331 934,818 924,258
Diluted 931,662 945,355 936,645
Total coin, coin equivalents and
marketable securities $              146,761 $              121,251 $                81,570
Total assets $              207,000 $              176,064 $              116,371
Long-term liability $                16,960 $0 $0
Long-term obligations (a) $                20,208 $                16,664 $                10,100
Total liabilities $                83,451 $                57,854 $                39,756
Total shareholders' equity $              123,549 $              118,210 $                76,615



1. Compute the Liability Ratio and the Equity Ratio for all of the years. Explain the ratios.

2. Why would a posse so coin copious affect Apple ($146 billion dollars reverberationed in coin and coin equivalents and marketable securities) receive on further long-term liability in 2013?