Below are Apple's most recent financial statements. Use them to answer the following questions INCOME STATEMENT - USD ($) Dec 31, 2020 Dec 31, 2019 Sales $274,515 $260.174 169.559 161,782 18,752 16,217 18.245 19.916 Cost of goods sold Operating expenses: Research and development Selling, general and administrative Total operating expenses Operating income Other income/expense), net Income before provision for income taxes Provision for income taxes Net income 34 462 38.668 66,288 803 63,930 1.807 65.737 67,091 2.680 $57,411 10481 $55,256 BALANCE SHEETS - USD ($) Dec 31, 2020 Dec 31, 2019 Assets: Cash and cash equivalents Marketable securities Accounts receivable Inventories Property, plant and equipment, net Other sets Total assets $38,016 153.814 16.120 5,061 36.766 25.11 $48,844 157054 22.926 4106 338 516 Accounts payable ch 6,643 112,436 97.174 5,522 108,047 88,223 258,549 248,028 Deferred revenue Notes Payable Other non-current liabilities Total liabilities Shareholders' equity: Contributed Capital Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 50,779 45.174 14.560 45.314 65,339 90.488 $323,888 $338,516 Question 8 3 pts What is Apple's inventory turnover ratio for 2020? Round to two decimal points Question 9 3 pts What is Apple's accounts receivable turnover ratio for 2020 Round to two decimal points Question 10 2 pts How many days does it take for Apple's to collect its accounts receivable in 2020? Round to the nearest day