olems Using the Apple financial data in Appendix B please compute the Days Sales Outstanding for 2015 and 2020. Appropriately label your results (e.g. 12 inches, 42 miles and so on). Finally, in which year did Apple perform better on this measure? Explain. (Note: Because it was bigger, smaller, cuter, and so on, is not a complete explanation. WHY is bigger, smaller, etc. better? You can do this well in one sentence. I am not trying to see how much you can write.) dterm 2 Spring 2021.... 63,415 9,680 53,735 Earnings Before Taxes -Income Tax Expense Net Income 60,354 10,481 49,873 67,658 8,127 59,531 64,089 15,738 48,351 61,372 15,685 45,687 72,515 19,121 53,394 2015 Balance Sheets (Al dollars in millions) Year End (Dec 31) 2020 2019 2018 2017 2016 Current Assets Cash And Cash Equivalent 38,106 48,844 25,913 20,289 20,484 Short Term Investments 52,927 51,713 40,388 53,892 46,671 Accounts Receivable 16,120 22,926 23,186 35,673 29,299 Inventory 40,161 4,106 3,956 4,855 2,132 Other Current Assets 11,264 12,352 12,087 13,936 8,283 Total Current Assets 158,578 139,941 105,530 128,645 106,869 21,120 20,481 30,343 2,349 15,085 89,378 Long-term Assets Long Term Investments 86,022 128,219 201,610 Property Plant and Equipn 36,766 37,378 41,304 Other Assets 42,522 32,978 17,283 Total Assets 323,888 338,516 365,727 194,714 170,430 164,065 33,783 27,010 22,471 18,177 17,377 14,431 375,319 321,686 290,345 Current Liabilities Accounts Payable Notes Payable & other 5T Other Current Liabilities Total Current Liabilities 42,296 46,236 76,636 13,769 16,240 30,687 9,543 105,392 105,718 116,866 74,793 18,473 7,548 100,814 59,321 11,605 8,080 79,006 60,671 10,999 8,940 80,610 Long-term Liabilities Long Term Debt Other Liabilities Deferred Long Term Liabil Total Liabilities 98,667 91,807 93,735 30,010 38.200 45,180 11,719 2,797 234,069 247,444 258,578 97,207 75,427 40,415 36,074 2,836 2,930 241,272 193,437 53,329 33,427 3,624 170,990 Stockholders' Equity Common Stock 50,779 Retained Earnings 39.040 Total Stockholder Equity 89,819 Total Liabilities and Stockholder Equ 323,888 45,174 36,747 35,717 45,898 20,400 98,330 91,072 107,147 134,047 338,516 365,725 375,319 31,885 27,071 96,364 92,284 128,249 119,355 321,686 290,345 Statements are mostly Apple actuals. I added (OK, made up) some details to make them more closely match items discussed in class Source: Yahoo Finance, My imagination