The March 5, 1999, issue of aes Week contains, an Bradle by Doug Bartholomew entitled “What's oad pine Apple's Recovery.”

Instructions Read the article and answer the following inventory-related questions:

(a) What were Timothy D. Cook’s twin goals upon being hired as senior vice prides at Apple Computer Inc. ?

(b) What did Cook say was the primary cause of Apple Computer's huge $1 billion loss in 1997?

(c) What was Apple's inventory turnover in 1997, and what were its competitors inventory turnover ratios?

(d) What improvements relative to inventory turnover did Cook accomplish by the end of 1998 at Apple Computer?

INTERPRETING FINANCIAL STATEMENTS