Question: Appendix A are the first few pictures attached. please complete all 4 parts of the question Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number

Appendix A are the first few pictures attached. please complete all 4 parts of the question
Appendix A are the first few pictures attached. please complete all 4
parts of the question Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except
number of shares which are reflected in thousands and par value) LIABILITIES
AND SHAREHOLDERS' EQUTTY See accompanying Notes to Consolidated Financial Statements. Apple Inc.
Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME See accompanying Notes to Consolidated
Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUTTY (In millions) Retained
eamings Accumulated other comprehensive incone (loss) Sce accompanying Noles to Consolidated Financial
Stalements. Apple Inc. See accompanying Notes to Consolidated Financial Statements. I Use
Apple's financial statements in Appendix A to answer the following. Required: 1.
What amount of inventories did Apple report as a current asset (a)
on September 28, 2019? (b) On September 29, 2018? 2. Inventories make

Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) LIABILITIES AND SHAREHOLDERS' EQUTTY See accompanying Notes to Consolidated Financial Statements. Apple Inc. Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUTTY (In millions) Retained eamings Accumulated other comprehensive incone (loss) Sce accompanying Noles to Consolidated Financial Stalements. Apple Inc. See accompanying Notes to Consolidated Financial Statements. I Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? 4. Compute (a) inventory turnover for fiscal year ended September 28, 2019, and (b) days' sales in inventory as of September 28 , 2019. Complete this question by entering your answers in the tabs below. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? (Enter your answers in millionsi) Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage o assets? 4. Compute (a) inventory turnover for fiscal year ended September 28, 2019, and (b) days' sales in inventory as of September Complete this question by entering your answers in the tabs below. Inventories make up what percent of total assets (a) on September 28,2019? (b) On September 29, 2018? (Round your aniswers to 2 decimal places.) Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? 4. Compute (a) inventory turnover for fiscal year ended September 28,2019 , and (b) days' sales in inventory as of September 28,2019. Complete this question by entering your answers in the tabs below. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? total assets? Does Apple prefer inventory to be a lower or higher porcentage of total assets? Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? 4. Compute (a) inventory turnover for fiscal year ended September 28, 2019, and (b) days' sales in inventory as of September 28,2019 Complete this question by entering your answers in the tabs below. Compute (a) inventory tumover for fiscal year ended September 28, 2019, and (b) days' sales in inventory as of September 28, 2019. (Do not round intermediate calculations. Round your answers to 1 decimal place.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!