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BTN 6-5 Access the September 28, 2013, 10-K report for A 29. 2013, from the EDGAR filings at ww.w.SEC.Lo pple, Inc. (Ticker AAPL.) fled on
BTN 6-5 Access the September 28, 2013, 10-K report for A 29. 2013, from the EDGAR filings at ww.w.SEC.Lo pple, Inc. (Ticker AAPL.) fled on Oxcsber TAKIN THE NET Required 1. What products are manufactured by Apple? 2. What inventory method does Apple use? (Hint: See the Note I to its financial statements) 3. Compute its gross margin and gross margin ratio for the 2013 fiscal year. Comment on your APPLE computations-assume an industry average of 40% for the gross margin ratio. Comment on your computations-assume an industry average of 40 for inventory turnover and 9 for days' sales in inventory. 4. Compute its inventory turnover and days' sales in inventory for the year ended September 28, 2013
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