The following information is from Apples 2018 annual income statement and balance sheet (numbers are in $
Question:
The following information is from Apple’s 2018 annual income statement and balance sheet (numbers are in $ millions). Use it to compute Apple’s cash conversion cycle.
Transcribed Image Text:
Sales Cost of Goods Sold Accounts Receivable Inventory Accounts Payable 265,595 163,756 23,186 3,956 55,888
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The CCC is defined in Eq 191 as Inventory Days Accounts Receivable Days Accounts Payable Days Thus w...View the full answer
Answered By
Deborah Joseph
My experience has a tutor has helped me with learning and relearning. You learn everyday actually and there are changes that are made to the curriculum every time so being a tutor has helped in keeping me updated about the present curriculum and all.
I have also been able to help over 100 students achieve better grades particularly in the categories of Math and Biology both in their internal examinations and external examinations.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Question Posted:
Students also viewed these Business questions
-
You are a CPA student working in the accounting department of Reynolds Liquor Distributors Ltd. (RLDL) for the year ended December 31, 2019. Your role requires you to prepare and analyze the annual...
-
Cash flow from operating activities (CFO) indicates the amount of money a company brings in from its ongoing, regular business activities, such as manufacturing and selling goods or providing a...
-
Forecasting Exercise Income Statement Forecasting The most important part of the forecast is the Sales growth. Apples growth has been all over the place in the last few years, but currently analysts...
-
Steam leaves a nozzle with a pressure of 500 kPa, a temperature of 350C, and a velocity of 250 m/s. What is the isentropic stagnation pressure and temperature?
-
Find the average rate of change of the function from x1 to x2. 1. f (x) = x2 + 8x 4, x1 = 0, x2 = 4 2. f (x) = x3 + 2x + 1, x1 = 1, x2 = 3
-
Which components of audit risk can an auditor control? Explain.
-
Let \(q(t)\) be the survival probability and let \(q^{-1}\) be its inverse function. Also, let \(U\) be a uniform random variable on \([0,1]\). For each realization \(u\), let \(\tau\) be chosen such...
-
McLean Company produced 2,500 units of product that required two standard hours per unit. The standard fixed overhead cost per unit is $1.30 per hour at 4,600 hours, which is 100% of normal capacity....
-
An aluminum cylinder is removed from a liquid nitrogen bath (below freezing point of water). The cylinder is immediately placed in an insulated cup containing 0.0800 kg of water at 15.0 C. The heat...
-
The projected net income and free cash flows next year for Emerald City Paints are given in the following table in $ thousands: Emerald City expects capital expenditures and depreciation to continue...
-
IZAX, Co. had the following items on its balance sheet at the beginning of the year:Its net income this year is $19,600 and it pays dividends of $5100. If its assets grew at its internal growth rate,...
-
Games Co. has eight employees, each of whom earns $3,500 per month. Income taxes are 20% of gross pay and the company deducts EI and CPP. Prepare the March 31, 2015, journal entry to record Games...
-
1. How does Artificial intelligence impact your leadership development? 2. How will artificial intelligence impact careers? How does Artificial intelligence impact your leadership development? Is...
-
What is (are) the reason(s) why people need ergogenic aids and dietary supplements?
-
What events could jeopardize this project's success? Risk Supporting Detail (Analysis to be continued in Risk Management Plan/ Register) Constraints: What is restricting this project? What standards,...
-
How could the dividend decision impact the financing decision for Starbucks? How could it impact its capital structure?
-
What has a time- and development-driven decision tree that enables the users to select a leadership style based on the situation?
-
You have an outstanding student loan with required payments of $500 per month for the next four years. The interest rate on the loan is 9% APR (monthly). You are considering making an extra payment...
-
1) The government decided to reduce taxes on fast-food to increase revenue. The government assumes that fast-food products have a) An inelastic demand b) An elastic demand c) A demand curve that is...
-
What is the risk-free interest rate for a five-year maturity? The current zero-coupon yield curve for risk-free bonds is as follows: Maturity (years) 1 YTM 5.00% 2 5.50% 3 5.75% 4 5.95% LO 5 6.05%
-
You just purchased a share of SPCC for $100. You expect to receive a dividend of $5 in one year. If you expect the price after the dividend is paid to be $110, what total return will you have earned...
-
What is the price per $100 face value of a four-year, zero-coupon, risk-free bond? The current zero-coupon yield curve for risk-free bonds is as follows: Maturity (years) 1 YTM 5.00% 2 5.50% 3 5.75%...
-
A lease agreement that qualifies as a finance lease calls for annual lease payments of $10,000 over a five-year lease term (also the asset's useful life), with the first payment on January 1, the...
-
Lakonishok Equipment has an investment opportunity in Europe. The project costs 12 million and is expected to produce cash flows of 1.9 million in Year 1, 2.3 million in Year 2, and 3.4 million in...
-
You are considering the projects below and can take only one. Your cost of capital is 11%. Complete the steps below using cell references to given data or previous calculations. In some cases, a...
Study smarter with the SolutionInn App