Question: HELP. I keep getting tye days' sales inventory wrong. Check my work mode : This shows what is correct or incorrect for the work you
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate camp 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? (6) 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute (a) Inventory turnover 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.) (a) Inventory turnover (b) Days' sales in inventory 40.1 times 9.1 days Required 3 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate camp 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? (6) 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute (a) Inventory turnover 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.) (a) Inventory turnover (b) Days' sales in inventory 40.1 times 9.1 days Required 3
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