How many days sales does Apple have in receivables and inventory for 2015 and 2016?
262 Assuming the industry average for 2016 was 20.24, describe Apple's relative efficiency with its inventory Apple's inventory turnover is better than the industry average. Apple is managing its inventory very efficiently. 5. Describe the trend in Apple's accounts receivable and inventory turnover. Apple's accounts receivable turnover decreased from 2015 to 2016. Its inventory turnover decreased from 2015 to 2016. 6. How many days' sales does Apple have in receivables and inventory for 2015 and 2016? (When added together, this is its operating cycle) (Note: Round all answers to two decimal places.) 2016 2015 Days' Sales in Receivables 27 X days L 26 x days Days' Sales in Inventory 6 X days 6 X days Operating Cycle 33 X days 32 x days 7. Conceptual Connection: Assuming 10% interest, how much interest expense did Apple incur due to its deteriorating accounts receivable and inventory turnovers? Enter amount rounded to the nearest whole dollar. For example, 7,684,268.24 would be entered as 7,684,268. (Remember, the numbers are in millions)? $ 1,456,000 X 8. What were Apple's gross profit, operating margin, and net profit ratios in 2016? (Note: Round answers to two decimal places.) Gross Profit Ratio 39.1 X % Operating Margin Ratio 27.9 X % Net Profit Margin Ratio 20.73 X % Assuming Industry averages for 2016 were 27.57%, 7.87%, and 4.76%, respectively, describe Apple's profitability. Apple was much more respectively, profitable than the industry average and was above the average for gross profit margin, operating margin, and net profit margin, 9. Looking at Note 1 (Summary of Significant Accounting Policies), what method of depreciation does Apple use? 262 Assuming the industry average for 2016 was 20.24, describe Apple's relative efficiency with its inventory Apple's inventory turnover is better than the industry average. Apple is managing its inventory very efficiently. 5. Describe the trend in Apple's accounts receivable and inventory turnover. Apple's accounts receivable turnover decreased from 2015 to 2016. Its inventory turnover decreased from 2015 to 2016. 6. How many days' sales does Apple have in receivables and inventory for 2015 and 2016? (When added together, this is its operating cycle) (Note: Round all answers to two decimal places.) 2016 2015 Days' Sales in Receivables 27 X days L 26 x days Days' Sales in Inventory 6 X days 6 X days Operating Cycle 33 X days 32 x days 7. Conceptual Connection: Assuming 10% interest, how much interest expense did Apple incur due to its deteriorating accounts receivable and inventory turnovers? Enter amount rounded to the nearest whole dollar. For example, 7,684,268.24 would be entered as 7,684,268. (Remember, the numbers are in millions)? $ 1,456,000 X 8. What were Apple's gross profit, operating margin, and net profit ratios in 2016? (Note: Round answers to two decimal places.) Gross Profit Ratio 39.1 X % Operating Margin Ratio 27.9 X % Net Profit Margin Ratio 20.73 X % Assuming Industry averages for 2016 were 27.57%, 7.87%, and 4.76%, respectively, describe Apple's profitability. Apple was much more respectively, profitable than the industry average and was above the average for gross profit margin, operating margin, and net profit margin, 9. Looking at Note 1 (Summary of Significant Accounting Policies), what method of depreciation does Apple use
