Question: Use Apple's financial statements in Appendix A to answer the followingRequired: 1 . What amount of inventories did Apple report as a current asset (

Use Apple's financial statements in Appendix A to answer the followingRequired: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 28,2019Complete this question by entering your answers in the tabs below.Required 1Required 2Required 3Required 4What amount of inventories did Apple report as a current asset (a) on September 28,2019?(b) On September 29,2018?

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