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consider Apple, Inc and annual report, Reading and Using the Annual Report Case Study. This choice will work only if the company is using the

consider Apple, Inc and annual report, Reading and Using the Annual Report Case Study. This choice will work only if the company is using the straight-line depreciation method. The companys choice of depreciation method can be located in the notes to the financial statement in the annual report. If the company does not use this method or does not have long-term assets, you will need to choose another company.

Using your selected companys financial statement,

  • Calculate the average life, average age, and asset turnover ratios. Be sure to show your calculations. Discuss what each ratio tells you in the context of your chosen company.
  • Calculate the accounts receivable turnover ratio and convert that ratio into days. Be sure to show your calculations. Discuss what each ratio tells you in the context of your chosen company.

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