Assignment:
Liabilities and Shareholders' Equity
Accounts payable............................................... $5,520 $4,970
Accrued expenses............................................... 8,572 4,310
Non-current liabilities......................................... 4,450 1,535
Common stock, no par value................................. 7,177 5,368
Retained earnings.............................................. 13,845 9,101
Accumulated other comprehensive income............. 8 63
Total liabilities and shareholders' equity................. $39,572 $25,247
On September 30, 2006, total assets were $17,205 and total shareholders' equity was $9,984.
a. Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 27, 2008, and September 29, 2007. Round your ratio answers to one decimal place.
b. Calculate Apple's ROE for the years ended September 27, 2008, and September 29, 2007. Round your percentages answers to one decimal place.
Provide complete and step by step solution for the question and show calculations and use formulas.