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Please show calculations: 2017 2018 BALANCE SHEETS: Assets: Cash74,18166,301 Accounts Receivable35,67348,995 Inventory4,8553,986 Other Current Assets13,93612,057 Fixed Assets, net33,78341,304 Investments 212,891 233,082 Total Assets375,319405,725 Liabilities and

Please show calculations:

20172018

BALANCE SHEETS:

Assets:

Cash74,18166,301

Accounts Receivable35,67348,995

Inventory4,8553,986

Other Current Assets13,93612,057

Fixed Assets, net33,78341,304

Investments212,891233,082

Total Assets375,319405,725

Liabilities and Equity:

Accounts Payable44,24255,888

Other Current Liabilities50,22655,416

Long-Term Debt103,703102,519

Other Noncurrent Liabilities43,25148,209

Common Stock35,56733,293

Retained Earnings98,330110,400

Total Liabilities and Equity375,319405,725

INCOME STATEMENT:

FY 2018

Revenue265,595

Cost of Goods Sold163,756

General and Administrative14,793

Depreciation Expense10,903

Earnings Before Interest and Taxes76,143

Interest Expense3,240

Pretax Net Income72,903

Income Taxes13,372

Net Income59,531

Assuming that all Apple's sales in fiscal 2018 were on credit, how many days, on average, did it take Apple to sell its inventory in 2018? (For balance sheet accounts, use the average of the beginning and end-of-year balances).

Assuming that all Apple's sales in fiscal 2018 were on credit, what was the company's Days Sales Outstanding in 2018? (For balance sheet accounts, use the average of the beginning and end-of-year balances).

How much did Apple pay out in dividends during fiscal 2018?

What was Apple's dividend payout ratio during fiscal 2018?

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