Formula Calculated answer 52-53. Days sales outstanding (DSO) Formula Calculated answer 54-55. Inventory T/O Formula Calculated answer 56-57. Days in inventory Balance Sheet as of 925/2015 9/2772014 9728/2013 40,546 20,641 1,764 25, 41,601 30,343 2,349 Cash & Equivalents 27,219 2,111 Accounts Receivable Inventory repaid Expenses 14,124 10,335 Other Current Assets 15,085 89,378 68,531 73,286 Total Current Assets 28,519 (11,922) 16,597 Property, Plant & Equipment (Gross -49,257 |-39,01 (18,391 20,624 Accumulated Depreciation (26,786) 22,471 9,009 5,556 Property, Plant&Equipment (Net) 5,756 106,215 5,146 Goodwill/Intangibles (net of amortization) 164,065 130,162 3,764 Other Long Term Investments Other Long Term Assets Total Assets 479 231,839 207,000 Accounts Payable Accrued Expenses Notes Payable/Short Term Debt Current portion of LTD/Capital Leases Other Current Liabilities 35,490 24,169 8,499 2,500 22,367 4,782 0 7,689 6,308 9,952 19,255 16,509 Total Current Liabilities 80,61063,448 43,658 Long Term Debt Deffered Income Tax Other Liabilities 53,463 24,062 12,989 28,987 20,259 7,598 16,960 16,489 6,344 Total Liabilities 171,124 120,292 83,451 Common Stock 27,071 92,284 24,395 19,293 Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders Equity Total Common Shares outstanding (in millions)5579 87,152 104,256 119,355 111,547 231,839 866 123,549 207,000 6,294 479 Share Price as of year end 511471 S100.75565.67 Financial Ratios. Attached are financial statements for Apple for 2013-2015. Please calculate the following ratios for 2015. A few of the ratios encourage the use of averages. On those, use the beginning of year amount and the year-end amounts. For example, if you were calculating the average amount of Accounts Receivable for 2015, add the 2015 year-end amount to the 2014 year-end amount and take the average. You will get one point for having the formula (reasonably) correct and one point for the correct answer. Please show the formula first and show all your work.I want to be able to give partial credit if you have the formula right but used the wrong numbers. I will not accept answers without supporting calculations. Formula Calculated answer 52-53. Days sales outstanding (DSO) Formula Calculated answer 54-55. Inventory T/O Formula Calculated answer 56-57. Days in inventory Balance Sheet as of 925/2015 9/2772014 9728/2013 40,546 20,641 1,764 25, 41,601 30,343 2,349 Cash & Equivalents 27,219 2,111 Accounts Receivable Inventory repaid Expenses 14,124 10,335 Other Current Assets 15,085 89,378 68,531 73,286 Total Current Assets 28,519 (11,922) 16,597 Property, Plant & Equipment (Gross -49,257 |-39,01 (18,391 20,624 Accumulated Depreciation (26,786) 22,471 9,009 5,556 Property, Plant&Equipment (Net) 5,756 106,215 5,146 Goodwill/Intangibles (net of amortization) 164,065 130,162 3,764 Other Long Term Investments Other Long Term Assets Total Assets 479 231,839 207,000 Accounts Payable Accrued Expenses Notes Payable/Short Term Debt Current portion of LTD/Capital Leases Other Current Liabilities 35,490 24,169 8,499 2,500 22,367 4,782 0 7,689 6,308 9,952 19,255 16,509 Total Current Liabilities 80,61063,448 43,658 Long Term Debt Deffered Income Tax Other Liabilities 53,463 24,062 12,989 28,987 20,259 7,598 16,960 16,489 6,344 Total Liabilities 171,124 120,292 83,451 Common Stock 27,071 92,284 24,395 19,293 Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders Equity Total Common Shares outstanding (in millions)5579 87,152 104,256 119,355 111,547 231,839 866 123,549 207,000 6,294 479 Share Price as of year end 511471 S100.75565.67 Financial Ratios. Attached are financial statements for Apple for 2013-2015. Please calculate the following ratios for 2015. A few of the ratios encourage the use of averages. On those, use the beginning of year amount and the year-end amounts. For example, if you were calculating the average amount of Accounts Receivable for 2015, add the 2015 year-end amount to the 2014 year-end amount and take the average. You will get one point for having the formula (reasonably) correct and one point for the correct answer. Please show the formula first and show all your work.I want to be able to give partial credit if you have the formula right but used the wrong numbers. I will not accept answers without supporting calculations