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Below are Apple's most recent financial statements. Use them to answer the following questions Dec 31, Dec 31, INCOME STATEMENT - USD ($) 2021 2020
Below are Apple's most recent financial statements. Use them to answer the following questions Dec 31, Dec 31, INCOME STATEMENT - USD ($) 2021 2020 $365,817 $274,515 212,981 169.559 18.752 16,217 Sales 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 Income tax expenses Net income 19,916 38,668 $114.168 803 18.245 34.462 $70,494 1.807 72,301 (10,481) $61.820 114.971 12.680) $105,291 BALANCE SHEETS - USD ($) Dec 31, 2021 Dec 31, 2020 $38,016 153,814 16,120 5.061 36,766 75.111 323,888 $48.844 157,054 22,926 4,106 37,378 68 208 338,516 Assets: Cash and cash equivalents Marketable securities Accounts receivable Inventories Property, plant and equipment, net Other assets Total assets Liabilities Accounts payable Deferred revenue Notes Payable Other non-current liabilities Total liabilities Shareholders' equity: Contributed Capital Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 42.296 6.643 112.436 97.174 258,549 46,236 5.522 108,047 88.223 248,028 50,779 45,174 14,560 45.314 65.339 90.488 $323.888 $338,516 What is Apple's inventory turnover ratio for 2021? Round to two decimal points. Question 13 How many days on average did it take Apple to sell its inventory in 2021? Round to two decimal points. Question 14 What is Apple's accounts receivable turnover ratio for 2021? Round to two decimal points
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