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Obtain Apple's annual report of Fiscal Year 2021 and answer the questions below. Hint: Go to the company's official website and look for the Investor
Obtain Apple's annual report of Fiscal Year 2021 and answer the questions below. Hint: Go to the company's official website and look for the "Investor Relations" section. Download the 2021 annual report (also called Form 10-K). Do NOT use quarterly reports or reports of other years. 12. On an average basis, how long does it take Apple to sell inventory in fiscal year 2021? Compare it with that of Microsoft and Amazon and assess Apple's inventory utilization efficiency. Note: To answer this question, you need to download the 2021 annual reports of Microsoft and Amazon (ignore any difference in fiscal year end date) and compute the corresponding ratio for the two firms
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