b means to put units e.g. $, kilos, % in the answer

. Using the Apple financial data in Appendix B please compute the Days Sales Outstanding for 2015 and 2020. Appropriately label your results (e.g. 12 inches, 42 miles and so on). Finally, in which year did Apple perform better on this measure? Explain. (Note: Because it was bigger, smaller, cuter, and so on, is not a complete explanation. WHY is bigger, smaller, etc. better? You can do this well in one sentence. I am not trying to see how much you can write.) Appendix B Apple Financial Statements --- PLEASE NOTE THE ORDER OF THE COLUMNS BELOW Income Statements (All dollars in millions) Year 2018 2019 2020 2017 2016 2015 Total Revenue 274,515 260,174 -Cost of Goods Sold 169,559 151,782 Gross Margin 104,956 98,392 - Research & Developmer 18,752 16,217 -Selling, General and Adm 17,516 15,745 - Depreciation 2,400 2.500 Earnings Before Interest a 66,288 63,930 Interest Expense 2,873 3,576 Earnings Before Taxes 63,415 60,354 Income Tax Expense 9,680 10,481 Net Income 53,735 49,873 265,595 229,234 215,639 233,715 163,756 141.048 131,376 140,089 101,839 88,186 84,263 93,626 14,236 11,581 10,045 8,067 14,005 8,771 9,498 10,059 2,700 2,200 2,000 1,700 70,898 65,634 62,720 73,800 3,240 1,545 1,348 1,285 67,658 64,089 61,372 72,515 8,127 15,738 15,685 19,121 59,531 48,351 45,687 53,394 Balance Sheets (All dollars in millions) Year End (Dec 31) 2018 2017 2020 2019 2016 2015 Current Assets Cash And Cash Equivalent Short Term investments Accounts Receivable Inventory Other Current Assets Total Current Assets 38,105 48,844 25,913 52,927 51.713 40,388 16,120 22.926 23,186 40,161 4,106 3,956 11,264 12,352 12,087 158,578 139,941 105,530 20,289 53.892 35,673 4,855 13.936 128,645 20,484 46,671 29,299 2,132 8,283 106,869 21.120 20,481 30,343 2,349 15.085 89,378 Long-term Assets Long Term Investments 86,022 Property Plant and Equipm36,766 Other Assets 42,522 Total Assets 323,888 128,219 201,610 37,378 41,304 32,978 17,283 338,516 365,727 194,714 33,783 18 177 375,319 170,430 164,065 27,010 22,471 17,377 14.431 321,686 290,345 Current Liabilities Accounts Payable Notes Payable & others Other Current Liabilities Total Current Liabilities 42.296 13,769 46,236 16.240 76,636 30.687 9,543 116,866 74,293 18.473 2.548 100.814 59,321 11.605 8,080 79,006 60,671 10,999 8,940 80,610 105,392 105,718 Long-term Liabilities Long Term Debt 98,667 91 HOT Other Liabilities 10.010 38.200 Deferred Long Term Liabil 11 719 Total Labates 234,069 247.444 93.735 491RO 2.797 258,578 97,207 75 427 53,329 40,415 36,074 33427 2.136 2.920 241, 272 193,437 170,990 nga Dove res Save to OneDrive Download Print ring 2021.p... 14,005 Seline General and Adm 17516 Depreciation 2400 Earnings Before Interest 66,288 -Interest Expense 2,873 Earnings Before Taxes 63,415 -Income Tax Expense 9,680 Net Income 53,735 15,745 2.500 63,930 3,576 69,354 10 481 49,873 2,700 70,898 3,240 67,658 8,127 59,531 8,771 2,200 65,634 1,545 64,089 15,738 48,351 9,498 2,000 62,720 1,348 61,372 15,685 45,687 10,059 1,700 73,800 1,285 72,515 19,121 53,394 2015 Balance Sheets (All dollars in millions) Year End (Dec 31) 2020 2019 2018 2017 2016 Current Assets Cash And Cash Equivalent 38,106 48,844 25,913 20,289 20,484 Short Term Investments 52,927 51,713 40,388 53,892 46,671 Accounts Receivable 16,120 22,926 23,186 35,673 29,299 Inventory 40,161 4.106 3,956 4,855 2,132 Other Current Assets 11264 12,352 12,087 13,936 8,283 Total Current Assets 158,578 139,941 105,530 128,645 106,869 21,120 20,481 30,343 2349 15,085 89,378 Long-term Assets Long Term Investments Property Plant and Equip Other Assets Total Assets 86,022 128,219 36,766 37,378 42,522 32,978 323,888 338,516 201,610 41,304 17,283 365,727 194,714 33,783 18,177 375,319 170,430 164,065 27,010 22,471 17,377 14,431 321,686 290,345 Current Liabilities Accounts Payable Notes Payable & other ST Other Current Liabilities Total Current Liabilities 42.296 13,769 46,236 76,636 16,240 30,687 9,543 105,718 116,866 74,793 18,473 7,548 100,814 59,321 11,605 8,080 79,006 60,671 10,999 8,940 80,610 105,392 Long term Liabilities Long Term Debt 98,667 Other Liabilities 30,010 Deferred Long Term Liabil Total Liabilities 234,069 97,207 40,415 91,807 38,200 11,719 247.444 93,735 45.180 2.797 258,578 2.836 75,427 36,074 2.930 193,437 53,329 33,427 3.624 170,990 241,272 Stockholders Equity Common Stock 50.779 45,174 Retained Eaming 39.0-10 45,898 Total Stockholder Equity 89,819 91,072 Total Liabilities and Stockholder Equ323,888 338,516 36,747 35.717 20 400 8,330 107,147 134,047 365,725 375,319 31 885 96,364 128,249 321,686 27.071 92,284 119,355 290,345 Statements are mostly Auple actuak added lok made up some details to make them more closely match items discussed in clas Source Yahoo Finance, magnation