Imagine that you are an analyst who has been asked to produce areport on Apple’s financial performance, including its ability toattain its objectives, over the last five (5) years. You are toreport your findings to your boss. You should assume that your bosshas no prior knowledge of Apple’s specific strategy. Your task isto shed light on the company’s results, thoroughly explaining anydeviations from projections. This means that it is not sufficientto describe the ratios you have calculated. Rather, you are toprovide an overall analysis with an assessment of whether thesefinancial ratios and analyses are supportive of Apple’s strategy orwhether Apple may be required to modify its strategy because of anyfinancial constraints indicated. A major part of this reportinvolves projections or forecasting. Part A Access Apple’s balancesheets and income statements for the last 5 years from the Appleweb site (http://investor.apple.com/financials.cfm). Fromthose statements, calculate the financial ratios for Apple for eachof the past 5 years, as noted below. 1. Liquidity Ratio: For eachof the indicated five (5) years, you need address only the CurrentRatio. 2. Profitability Ratio: For each of the five (5) indicatedyears, you need address only the Return on Investment. 3. ActivityRatio: For each of the five (5) indicated years, you need addressonly the Asset Turnover. 4. Leverage Ratio: For each of the five(5) indicated years, you need only address the Debt to Asset Ratio.5. Other Ratios: For each of the five (5) indicated years, you needonly the Dividend Yield on Common Stock.