Please answer 17-20 -

2019 2020 BALANCE SHEET: Assets: Cash Accounts Receivable Inventory Other Current Assets Fixed Assets, net Investments Total Assets $74.181 35,673 4.855 13,936 33,783 212.891 $375,319 $66,301 48.995 3.986 12.057 41,304 233,082 $405,725 Liabilities and Equity: Accounts Payable Other Current Liabilities Long-term Debt Other Noncurrent Liabilities Common Stock Retained Earnings Total Liabilities and Equity $44,242 50.226 103,703 43.251 35,567 98,330 $375,319 $55,888 55,416 102,519 48,209 33,293 110,400 $405,725 FY2020 INCOME STATEMENT: Revenue Cost of Goods Sold General and Administrative Depreciation Expense Earnings Before Interest and Taxes Interest Expense Pretax Net Income Income Taxes Net Income $265,595 163,756 14.793 10.903 76,143 3,240 72,903 13,372 $59,531 12. Assuming that all Apple's sales in fiscal 2020 were on credit, what was the company's Days Sales Outstanding in 2020? (For balance sheet accounts, use the average of the beginning and end-of-year balances). 13. How much did Apple pay out in dividends during fiscal 2020? 14. What was Apple's dividend payout ratio during fiscal 2020? 15. What as Apple's Equity Multiplier for 2020? 16. What was Apple's Return on Equity for 2020 ? (For balance sheet accounts, use the average of the beginning and end-of-year balances). 17. If Apple had an average of 4,337 million common shares outstanding during 2020 and its stock is currently worth $195 per share, what is its Price : Earnings (PE) ratio? 18. If the analysts who follow Apple project 2021 sales to increase by 7.4% over 2020. its after-tax profit margin to remain the same, and anticipate a 60% dividend payout ratio, what are the projected retained earnings by the end of 2021? 19. Assuming that Apples net working capital is expected to vary directly with sales, based on a projected 7.4% sales increase in 2021, what is the projected accounts receivable balance at the end of 2021? 20. If the management of Apple projects that by the end of 2020. it was operating at 62% of capacity, what is its full level capacity of sales? 2019 2020 BALANCE SHEET: Assets: Cash Accounts Receivable Inventory Other Current Assets Fixed Assets, net Investments Total Assets $74.181 35,673 4.855 13,936 33,783 212.891 $375,319 $66,301 48.995 3.986 12.057 41,304 233,082 $405,725 Liabilities and Equity: Accounts Payable Other Current Liabilities Long-term Debt Other Noncurrent Liabilities Common Stock Retained Earnings Total Liabilities and Equity $44,242 50.226 103,703 43.251 35,567 98,330 $375,319 $55,888 55,416 102,519 48,209 33,293 110,400 $405,725 FY2020 INCOME STATEMENT: Revenue Cost of Goods Sold General and Administrative Depreciation Expense Earnings Before Interest and Taxes Interest Expense Pretax Net Income Income Taxes Net Income $265,595 163,756 14.793 10.903 76,143 3,240 72,903 13,372 $59,531 12. Assuming that all Apple's sales in fiscal 2020 were on credit, what was the company's Days Sales Outstanding in 2020? (For balance sheet accounts, use the average of the beginning and end-of-year balances). 13. How much did Apple pay out in dividends during fiscal 2020? 14. What was Apple's dividend payout ratio during fiscal 2020? 15. What as Apple's Equity Multiplier for 2020? 16. What was Apple's Return on Equity for 2020 ? (For balance sheet accounts, use the average of the beginning and end-of-year balances). 17. If Apple had an average of 4,337 million common shares outstanding during 2020 and its stock is currently worth $195 per share, what is its Price : Earnings (PE) ratio? 18. If the analysts who follow Apple project 2021 sales to increase by 7.4% over 2020. its after-tax profit margin to remain the same, and anticipate a 60% dividend payout ratio, what are the projected retained earnings by the end of 2021? 19. Assuming that Apples net working capital is expected to vary directly with sales, based on a projected 7.4% sales increase in 2021, what is the projected accounts receivable balance at the end of 2021? 20. If the management of Apple projects that by the end of 2020. it was operating at 62% of capacity, what is its full level capacity of sales