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 $28,2019?$

$($b$)$ On September $29,2018?$

Inventories make up what percent of total assets

$($a$)$ on September $28,2019?$

$($b$)$ On September $29,2018?$

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 $28,2019,$ and

$($b$)$ days$$ sales in inventory as of September $28,2019.$