Below are Apple's Financial Statements in 2020. Use them to answer the following questions:

1. What is Apple'sinventory turnover ratiofor 2020? Round to one decimal point.

2. What is Apple'saccounts receivable ratiofor 2020? Round to one decimal point.

3. How manydays does it take for Apple's to collect its accounts receivablein 2020? Round to the nearest day.

4. What is Apple'sgross profit ($)for 2020? Use the following number format: 123456, no dollar signs, no commas

Below are Apple's Financial Statements in 2020. Use them to answer the following questions: INCOME STATEMENT 12 Months Ended shares in Thousands, in . _ $ Sep. 26, 2020 Sep. 28, 2019 Sep. 29, 2018 Millions Net sales $274,515 $260,174 $265,595 Cost of goods sold 169,559 161,782 163,756 Operating expenses: Research and development 18,752 16,217 14,236 Selling, general and _ , , 19,916 18,245 16,705 administrative Total operating expenses 38,668 34,462 30,941 Operating income 66,288 63,930 70,898 Other income/ (expense), net 803 1,807 2,005 Income before provision for _ 67,091 65,737 72,903 Income taxes Provision for income taxes 9,680 10,481 13,372 Net income $57,411 $55,256 $59,531 BALANCE SHEETS - USD (35) Sep. 26,2020 Sep. 28, 2019 $ in Millions Current assets Cash $245,616 $251,228 Accounts Receivable 37,445 45,804 Inventory 4,061 4,106 Total Current Assets $287,122 $301,138 Property, plant, and equipment, net 36,766 37,378 Total Assets 323,888 338,516 Current Liabilities Accounts Payable 84,980 83,956 Deferred Revenue 6,643 5,522 Notes Payable 13,769 16,240 Non-current Liabilities Long-term Notes Payable 153,157 142,310 Total Liabilities 258,549 248,028 Shareholders' Equity Contributed Capital 50,779 45,174 Retained Earnings 14,560 45,314 Total shareholders' equity 65,339 90,488 Total liabilities and shareholders' equity 323,888 338,516 1. What is Apple's inventory turnover ratio for 2020? Round to one decimal point. 2. What is Apple's accounts receivable ratio for 2020? Round to one decimal point. 3. How many days does it take for Apple's to collect its accounts receivable in 2020? Round to the nearest day. 4. What is Apple's gross prot ($) for 2020? Use the following number format: 123456, no dollar signs, no commas