..1 T-Mobile?? 9:40 AM FIN4318 SUMMER 2018 INSTRUCTOR: LIFEI XUE HOMEWORK 3 Data: Use balance sheets of Apple Inc, year 2015 10-k and Income statement in year 2016 10-k to calculate the following numbers and ratios Write down formula before plug in number or receive o 1 Year 2015 End of year gross receivables 16,931 Average gross receivables 17,2385 b. 2. Year 2015 a. End of year inventory b. Average inventory 2,230 3. Year 2015 a. Days Sales in Receivables 26.44 days b. Accounts Receivable Turnover 13.56 times . Account Receivable Turmover in Days 26.92 days FIN4318 SUMMER 2018 INSTRUCTOR: LIFEI XUE HOMEWORK 3 Name: Data: d. Days Sales in Inventory