Question: 1Based on the information below, does Apple typically receive cash from its customers before or after it recognizes the associated revenue? Briefly explain your answer.

1Based on the information below, does Apple typically receive cash from its customers before or after it recognizes the associated revenue? Briefly explain your answer. 2.Estimate the average number of days that elapsed between (i) the recognition of the revenue and (ii) the receipt of the associated cash from customers for Apple during the most recent fiscal year.

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