looks like alot of work but really is not! please take a look at my problem:(

Refer to the financial statements of Apple Inc. in Appendix A. Click here to view Appendix A. (a) Calculate the accounts receivable turnover and average collection period for 2017. (Assume all sales were credit sales.) (Round answers to 1 decimal place, es, 15.2. Use 365 days for calculation) Accounts receivable turnover times Average collection period days Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS lo millions except number of shares which are reflected in thousands and pershare amounts) Years ended September 24, 2016 Net Sales Cost of sales Gross margin September 30, 2017 229.2345 141,048 88,185 $ 215.639 131,376 84.263 September 23 2015 233,715 140,009 93,626 Operating expenses Research and development Selling general and administrative Total operating expenses 11,581 15,267 26,842 10,045 14,194 24.239 8,067 14.329 22,396 Operating income Other Income/expensel.net Income before provision for income taxes Provision for income Net income 61,344 2.745 34,089 15,738 43.351 80,024 1348 81,372 15.685 45.6875 71,230 1.285 72 515 19.121 53.394 5 Earrings per share Basic Die 9.27 9.21 8.355 $ Share in computing aming per share Basic Old 6.217.242 5.251.692 5,470.00 5.500.000 5.753,421 790000 Cash dividends declared pershan 2:40 1 2.18 See companying to Condated Financial Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) September 30, 2017 48,351 Years onded September 24, 2016 45,687 September 26, 2015 $ $ 53,394 Net Income Other comprehensive Income/loss) Change in foreign currency translation, net of tax effects of $(77), 68 and $201 respectively 224 75 (411) Change in untentized gainalosten on derivative Instruments: Change in fair value of derivatives, net of tax boneliti(expense) of $(478). $(7) and $1441), respectively Adjustment for net(gainny/osses realized and included in net income, net of tax expense/benefits of 4755131 and 5630, respectively Total change in unrealized gainomen on derivative Instruments, not of tax 1,315 7 2.905 (1,477) (162) (741) (734) (3.497 (592) Change in unrealized in losses on marketable securities Change in fair value of marketable securities, net of tax bonofilaxpenno) of $426, $(603) and 5264, respectively Adjustment for net(ghinoses realized and included in notinome, net of tax expense/benefit of $35, $(31) and S(32), respectively Total change in unrealized gainossos on marketable securities, net of tax (782) 1,682 (403) (54) (646) 50 1,630 59 (424) Total other comprehensive income foss) Total comprehensive income 970 (784) 47,567 5 (1.427) 51.907 48.000 5 See companying Notes to Consolidated Financial Statements CONSOLIDATED BALANCE SHEETS (In milions, except number of shares which are reflected in thousands and par value) September 30, 2017 September 24, 2016 ASSETS: $ Current assets Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowances of $58 and 853, respectively Inventorien Vendor non-trade receivables Other current assets Total Current assets 20.289 53,892 17,874 4,855 17.799 13.936 128,645 20.484 46,671 15,754 2,132 13,545 8.283 106,869 Long-term marketable securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Other non-current assets Total assets 194,714 33,783 5.717 2,298 10,162 375,319 170.430 27,010 5,414 3.206 8,757 321.686 LIABILITIES AND SHAREHOLDERS' EQUITY: $ Current liabilities: Accounts payable Accrued expenses Deferred revenue Commercial paper Outrent portion of long-term debt Total current liabilities 49,049 25.744 7.540 11.977 6,498 100,814 37.294 22,027 BOBO 8.105 3.500 79,006 LIABILITIES AND SHAREHOLDERS' EQUITY: s Current liabilities: Accounts payablo Accrued expenses Deferred revenue Commercial paper Current portion of long-term debt Total current liabilities 49,049 25.744 7,548 11,977 6,496 100,814 37,294 22,027 8,080 8,105 3,500 79,006 Deferred revenue, non current Long-term debt Other non-current abilities Total liabilities 2,836 97,207 40/415 241,272 2.930 75,427 36,074 193,437 Comments and contingencies Shareholders' equity Common stock and additional paid in capit. 50.00001 par value: 12,000,000 shares authorized 5.128.201 and 5,306,100 shares oued and outstanding, respectively Ratinoaming Accumulated other comprehensive income on) Total shareholders' equity Totalities and shareholders equity 35.007 00.350 (150) 134047 376.319 31.251 304 834 120.29 321,000 See accompanying Notes to Consolidated Financial Statements Common Stock and Additional Paid-In Capital Retained Shares Amount Earnings 5,866,161 $ 23.313 5 87,152 $ 53,394 Accumulated Other Comprehensive Income (Loss) 1,082 (1.427) Total Shareholders Equity 111,547 53,394 (1.427) (11,627 (36,026) 3.586 (325.032) (11,627) (38,026) 3,536 37.624 (231) (809) (840) 748 27 416 5,578,753 (345) 92,284 45,687 Balances as of September 27, 2014 Net income Other comprehensive income (10) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, not of shares withheld for employee taxes Tax benefit from equity awards, ncluding transfer pricing adjustments Balances as of September 26, 2015 Net Income Other comprehensive income poss) Dividends and dividend equivalente declared Repurchase of common stock Share based compensation Common stock issued, net of shares withheld for employees Tax benefit from equity wwards, including trailer pricing adjustments Balances as of September 24, 2016 Net Income Other comprehensive incomes) Dividends and dividend equivalent declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withhold for 748 119.355 46,587 979 (12.188) (29.000) 979 (270.000 (12.188) 129.000) 4,202 37.022 (806 (419) (1 225) 5.336,166 379 31.251 634 90,364 4351 (714) 370 128.NO 40351 (74) (12.03 (33001) 4.000 46.4001 112.000 (33.001) 4,900 (1.225) 379 634 (784) Common stock issued, net of shares withheld for employee taxes 37,022 (806) (419) Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 24, 2016 5,336,166 31,251 96,364 Net Income 48,351 Other comprehensive income/lloss) Dividends and dividend equivalents declared (12,803) Repurchase of common stock (246.496) (33.001) Share-based compensation 4,909 Common stock issued, net of shares withheld for employee taxes 36,531 (913) (581) Tax benefit from equity awards, including transfer pricing adjustments 620 Balances as of September 30, 2017 5,126,2015 35,8675 98,330 Son accompanying Notes to Consolidated Financial Statements, 379 128 249 48,351 (784) (12,803) (33,001) 4,909 (1.494) 620 134,047 (150) $ Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) September 30, 2017 Years ended September 24 2016 21.120 September 26, 2015 13,844 20.484 5 48,351 45.687 Cash and cash equivalents, beginning of the your Operating active Not income Adjustments to reconcinet income to cash generated by operating activities Depreciation and amortization Share-based compensation experte Datarred income tax experte Other 50.2004 10,157 4.540 8.066 (165) 10.50 4210 2930 11.257 3506 T. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) September 30, 2017 20.484 Years ended September 24, 2016 21,120 September 26, 2015 13.844 48.351 45,687 53,394 10,157 4,840 6.900 (166) 10,505 4,210 4,838 11.257 3.586 1.382 385 406 Cash and cash equivalents, beginning of the year Operating activities Not income Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share band compensation expense Deterred Income tax expense Other Changes in operating estets and abilities Accounts receivable.net Inverories Vendor non ride receivables Other current and non-current acts Accounts payable Deferred revenue Other current and non-current abilities Cash generated by operating activities Investing activities Purchases of marketable securibes Proceeds from matunities of marketable securines Proceeds from sales of marketable securities Payments made in connection with business moquisitions.net Payments for acquisition of property, plant and equipment Payments for acquision of intangible assets Payments for strategic investments.net (2003) (3.725) (4.254 (5,310 9.018 (026) (154) 63.598 527 217 (51) 1.005 1.8037 (1,554) (2,033) 65.824 417 (235) (3.736) (289 5,001 1.042 9.058 81.200 (142,428) 21.250 90,536 (158,486) 31.775 94,564 (320) (12.451 (344) (305) (100.40) 14.53 TO7,447 (343) (11.17) (241) (12.734) (814) (1.366) 75378 9,618 (626) (154 63,598 1055 1,837 (1554) (2,033) 65,824 (223 5,001 1,042 9,058 81.266 Tomo-com Accounts payable Deferred revenue Other current and non-current abilities Cash generated by operating activities Investing activities Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securition Payments made in connection with business acquisitions, net Payments for acution of property, plant and equipment Payments for doquisition of intangible assets Payments for strategic Investments.net Other Cash used in investing activiti Financing activities Proceeds from one of common stock Excentax boots from equity awards Payments for taxes related to not share settlement of equity awards Payments for dividends and dividend equivalents Repurchases of common stock Proceeds trom stance of lam debt net Repayments of tarm debit Change in commercial paper, net Cash used in financing activities Increase (Decrease in cash and cash equivalents Cash and cash equivalents, end of the year Supplemental cash flow disclosure Cash paid for income tos not Cash paid for interest (159.406) 31.775 94,564 (329) (12,451) (344) (395) 220 (46.440) (142.428) 21.258 90.538 (297) (12.734) (814) (1386) (110) (45,977) (166,402) 14,638 107.447 (343) (11,247 (241) (20) (58,274) 543 749 555 627 11.874) (12.760) (32.000) 28,062 (3,500) 3.852 (17347 (195) 20.289 495 407 11.570) (12.150) (29,722) 24.954 (2 500) (397) (20,483) (538) 20,484 5 (1.499) (11.561) (352531 27.114 2.101 17.735) 72276 21.120 5 5 11,591 2.092 10.444 1,316 5 $ 13252 514 $ C