Go to http://finance.yahoo.com and get a quote for Apple, Inc.. On the left column, scroll down and select Income Statement. Write down the annual sales, cost of goods sold, and depreciation expense for the most recent year. For some companies depreciation expense can be found in Cash Flow statement.

2.Select the firm's Balance Sheet. Write down the balances shown for the firm's inventories, accounts receivable, and accounts payable.

3.Using the information from parts a and b, calculate its inventory turnover, accounts receivable turnover, and accounts payable turnover. Accounts Payable Turnover formula is Accounts Payable Turnover = COGS/Accounts Payable. You should show your work!