Question: please help Use Apple's financial statements in Appendix. A to answer the following. Required: 1 . What amount of inventories did Apple report as a
please help Use Apple's financial statements in Appendix. A to answer the following. Required: What amount of inventories did Apple report as a current asset a on September b On September Inventories make up what percent of total assets a on September b On September Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? Compute a inventory turnover for fiscal year ended September and b days' sales in inventory as of September 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 b On September Note: Enter your answers in millions.Apple Inc.Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS In millions, except number of shares which are reflected in thousands and per share amounts Years ended September September September Nest sales: See accompanying Notes to Consolidated Fnancial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME In millionsApple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUTTY In millions Retained carnings Accumulated caher comprehensive income loss See accompanying Notes to Consolidated Financial Statements.Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS ln millions Years ended Cash, cash equivalents and restricted cash, beginning balances Operating activities Net income Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Sharebased compensation expense Delerred income tax expense benefit Other Changes in operating assets and liabilities: See accompanying Notes to Consolidated Financial Statements.
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