answers for numbers 11 and 13!

Instructions: Obtain Apple's annual report of Fiscal Year 2021 and answer the questions below. Hint: Go to the company's official website and look for the "Investor Relations" section. Download the 2021 annual report (also called Form 10-K). Do NOT use quarterly reports or reports of other years. 10. Assuming all sales are credit sales, what is Apple's Accounts Receivable Turnover in 2021 ? Compare Apple's Accounts Receivable Turnover Ratio with that of Microsoft and Amazon in 2021. What conclusion can you draw about Apple's Accounts Receivable collection efficiency? Note: To answer this question, you need to download the 2021 annual reports of Microsoft and Amazon (ignore any difference in fiscal year end date), and compute the accounts receivable turnover ratio for them as well. 11. What is Apple's Inventory cost flow assumption? Compared with other alternatives, ceteris paribus, how does the chosen assumption affect Apple's COGS, Net Income and Cash balance? 12. On an average basis, how long does it take Apple to sell inventory in fiscal year 2021? Compare it with that of Microsoft and Amazon and assess Apple's inventory utilization efficiency. Note: To answer this question, you need to download the 2021 annual reports of Microsoft and Amazon (ignore any difference in fiscal year end date) and compute the corresponding ratio for the two firms. Statement of Cash Flows 13. In 2021, overall which activity (operating, investing, or financing) is generating cash, which activity is using cash? Is the pattern same as that in 2019 and 2020