Financial Ratio Associated with Apple, Inc.

Table 3 displays the key financial ratio associated with Apple, Inc. from year 2005-2007. To summarize, revenue has steadily increased in the past three years ending in 2007 at approximately 24 million dollars. The growth rate of the company has been notable extending from 68.3% in year 2005 to 24.3% in year 2007. Though the rate is declining it is still extremely well above the industry average and the decline most likely represents the growing competiveness of the industries. Apple's net income has continued to increase from year to year resulting in a growing profitability indicating the company's increasing strength. At the same time, the cost of goods sold has decreased over the past three years, indicating the company has found more efficient ways of either producing their products which also helps increase profitability. Apple showed stable selling, general, and administrative costs over the past three years implying the company has not gone through any major structural changes and considers costs within a reasonable