Pease find the accounts receivable turnover and average collection period form the information below.

Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) $ September 30, 2017 229,234 141,048 88,186 Net sales Cost of sales Gross margin Years ended September 24, 2016 215,639 131,376 84,263 $ September 26, 2015 233,715 140,089 93,626 8,067 Operating expenses: Research and development Selling, general and administrative Total operating expenses 11,581 15,261 26.842 10,045 14,194 24,239 14,329 22,396 Operating income Other income/expense), net Income before provision for income taxes Provision for income taxes 61,344 2,745 64,089 15,738 48,351 60,024 1,348 61,372 15,685 45,687 71,230 1,285 72,515 19, 121 53,394 Net income S $ $ Earnings per share: Basic Diluted $ 9.27 $ $ 8.35 8.31 9.28 9.22 $ 9.21 $ GA Shares used in computing earnings per share: Basic Diluted 5,217,242 5,251,692 5,470,820 5,500,281 5,753,421 5,793,069 Cash dividends declared per share $ 2.40 $ 2.18 $ 1.98 See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) September 30, 2017 48,351 Years ended 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), $8 and $201, respectively 224 75 (411) 1,315 2,905 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit/(expense) of $(478), $(7) and $(441), respectively Adjustment for net (gains)/losses realized and included in net income, net of tax expense/(benefit) of $475, $131 and $630, respectively Total change in unrealized gains/losses on derivative instruments, net of tax (1,477) (162) (741) (734) (3,497) (592) (782) 1,582 (483) Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit/(expense) of $425, $(863) and $264, respectively Adjustment for net (gains) losses realized and included in net income, net of tax expense/(benefit) of $35, $(31) and $(32), respectively Total change in unrealized gains/losses on marketable securities, net of tax 56 59 (64) (846) 1,638 (424) 979 Total other comprehensive income/(loss) Total comprehensive income (784) 47,567 (1,427) 51,967 $ $ 46,666 $ See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, 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 $53, respectively Inventories 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 194,714 33,783 5,717 2,298 10,162 375,319 170,430 27,010 5,414 3,206 8,757 321,686 Total assets $ LIABILITIES AND SHAREHOLDERS' EQUITY: $ $ Current liabilities: Accounts payable 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 liabilities Total liabilities 2,836 97.207 40,415 241,272 2,930 75.427 36,074 193,437 Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,126,201 and 5,336,166 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity 35.867 98,330 (150) 134,047 375,319 31.251 96,364 634 128,249 321,686 See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except number of shares which are reflected in thousands) Common Stock and Additional Paid-In Capital Amount Shares 5,866,161 Accumulated Other Comprehensive Income/(Loss) 1,082 $ Retained Earnings 87,152 53,394 23,313 $ (1,427) Total Shareholders' Equity $ 111,547 53,394 (1,427) (11,627) (36,026) 3,586 (11,627) (36,026) (325,032) 3,586 37,624 (231) (609) (840) 748 27,416 5,578,753 92,284 (345) 45,687 979 748 119,355 45,687 979 (12,188) (29,000) 4,262 (12,188) (29,000) Balances as of September 27, 2014 Net income Other comprehensive income/(loss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 26, 2015 Net income Other comprehensive income/loss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 24, 2016 Net income Other comprehensive income/(loss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 30, 2017 (279,609) 4,262 37,022 (806) (419) (1,225) 379 379 31,251 5,336,166 634 96,364 48,351 (784) 128,249 48,351 (784) (12,803) (33,001) 4,909 (12,803) (33,001) (246,496) 4,909 36,531 (913) (581) (1,494) 620 620 5,126,201 $ 35,867 $ 98,330 $ (150) $ 134,047 See accompanying Notes to Consolidated Financial Statements