please answer 1 and 2
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (in mitions) June 30, Assets Current assets: Cash and cash equivalents Short-tem investments Total cash, cash equivalents, and short-term investments Accounts receivable, net of allowance for doubtful accounts pf $788 and $411 Inventories Other current assets Total current assets Property and equipment, net of accumulated depreciation of $43,197 and $35,330 Operating lease right-of-use assets Equity investments Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities: \begin{tabular}{l} Accounts payable \\ Current portion of long-term debt \\ Accrued compensation \\ Short-term income taxes \\ Short-term uneamed revenue \\ Other current liabilities \\ Total current liabilities \\ Long-term debt \\ Long-term income taxes \\ Long-term uneamed revenue \\ Deferred income taxes \\ Operating lease liabilities \\ Other long-term liabilities \\ \hline Total liabilities \\ \hline Commitments and contingencies \\ Stockholders' equity \end{tabular} Stockholders equity \begin{tabular}{lrr} Common stock and paid-in capital - shares authorized 24,000; outstanding 7,571 and 7,643 & 80,552 & 78,520 \\ Retained eamings & 34,566 & 24,150 \\ Accumulated other comprehensive income (loss) & 3,186 \\ \hline Total stockholders' equity & 340) \\ \hline Total liabilities and stockholders' equity & 118,304 \\ \hline \end{tabular} Refer to accompanying notes. CASHIFLOWS STATEMENTS (In millions) Year Ended June 30 , Operations: Net income Adjustments to reconcile net income to net cash from operations: Depreciation, amortization, and other Stock-based compensation expense Net recognized gains on investments and derivatives Deferred income taxes Accounts receivable Inventories Other current assets Other long-term assets Accounts payable Accounts payable Income taxes Other current liabilities Other long-term liabilities Net cash from operations ancing Proceeds from issuance of debt Cash premium on debt Repayments of debt Repayments of debt Common stock issued Common stock repurchased Common stock cash dividends paid Other, net Cash flows from activities are when Apple collects an accounts receivable from a customer. a. operating, decreased b. investing, decreased c. financing, increased d. operating, increased QUESTION 10 Use the following formula to calculate the company's accounts receivable turnover for the last two balance sheet dates and select the correct answer below. Accounts receivable turnover ratio = Total net sales / Accounts receivable, net a. Apple collected accounts receivables slower in the fiscal year ended 2021 than in the fiscal year ended 2020. b. Apple collected accounts receivable quicker in the fiscal year ended 2021 than the fiscal year ended 2020. c. Apple collected accounts receivable at the same rate in fiscal year ended 2021 as in fiscal year ended 2020. d. Cannot determine Apple's rate of collection of accounts receivable
