Manufacturers and merchandisers can apply just-in-time (JIT) to their inventory management. Apple wants to know the impact of a JIT inventory system on operating cash flows. Review Apple’s statement of cash flows in Appendix A to answer the following.

Required
1. Identify the impact on operating cash flows (increase or decrease) for changes in inventory levels (increase or decrease) for each of the fiscal years ended September 30, 2017, and September 24, 2016.
2. What impact (increase or decrease) would a JIT inventory system have on Apple’s (a) inventory and (b) operating cash flows?
 

  

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Identify the impact on operating cash flows (increase or decrease) for changes in inventory levels (increase or decrease) for each of the fiscal years ended September 30, 2017, and September 24, 2016. (Enter answers in millions of dollars.) Year Ending Sept. 30, 2017 Year Ending Sept. 24, 2016 Apple inventory change Operating cash flow effect from inventory change increase Decrease Increase Decrease of millions of millions Roquired1 Required 2 >