Efficiency Ratios

Using the link to financial statement below. Calculate the following

https://www.apple.com/newsroom/pdfs/Q3FY18ConsolidatedFinancialStatements.pdf

1.Days Sales of Inventory

2.Days Sales Outstanding

3.Days Payable Outstanding

4.Cash Conversion Cycle

For each of the above ratios solve the following (using statement date June 30, 2018 - 9 months ended June 30, 2018 where applicable):Assume all sales are net credit sales

1.Calculate each ratio (round to 2 decimals) - 1 mark per calculation - total of 4 marks

2.Include the formula and show your work - 1 mark per calculation - total of 4 marks

3.Explain what the ratio means - 1 mark per calculation - total of 4 marks

Explain if the ratio number is good or bad for the company