Question 19 of 32 1.0 Point On average, it took Apple_ last accounting year. _days to sell its inventory during the (Hint: Average days to sell inventory=365/Inventory turnover, Inventory turnover=COGS/Average inventory O A. 3 days O B. 6 days O C. 14 days OD. 20 days Reset Selection ADDS CONSOLIDATED STATEMENTS OF OPERATIONS milions, except number of shares which are reflected in thousands and per share amounts) 5 215.6395 131 375 233,715 140 OBO Notes Cost of Gross margin 112258 70.537 Operating expenses Research and development Selling general and administrative Total operating expenses 10 045 14.194 24,239 6.041 11.993 18.034 50.024 71 230 52 503 Operating income Other income expensel.net Income before provision for income taxes Provision for income taxes Net income 72.515 61,372 15.085 45.687 13 973 39.510 53 394 $ Earnings per share Basic Diluted 835 8315 Shares used in computing earrings per share Basic Diluted 8.085.572 6.122.600 Cash dividends declared per share See accompanying Notes to Consolidated Financial Appleine 2018 Form 10-KI 3/9 ps N Netflix G inventories CONSOLIDATED BALANCE SHEETS in millions except number of shares which are reflected in thousands and par value) September 2016 $ ASSETS: Current assets Cash and cash equivalents Short-term marketable securities Accounts receivable less allowances of $53 and 503, respectively Inventarios Vendor non-trade receivables Other currentes Total current assets 20.484 48671 15,754 2.132 13,545 8,283 108,869 21,120 20,481 16,849 2349 13,494 15.085 89,378 Long-term martable securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Other non-current assets Total assets 170,430 27,010 5.414 3208 164,065 22.471 5,116 3.893 8.757 5.422 321,686 $ 290,345 LIABILITIES AND SHAREHOLDERS' EQUITY: 22.027 Current abilities: Accounts payable Accrued expenses Deferred revenue Commercial paper Current portion of long-term debt Total current liabilities 35,490 25.181 8,940 8.499 2,500 80.810 8.105 3.500 79,006 Deferred revenue, non-current Long-term debt Other non-current abies Totallaties 3.824 53.329 33.427 170,990 Commitments and contingencies Shareholders guly Common stock and additional paid in capital, SO 00001 par vale 12.000.000 shares authorized, 5,336,166 and 5.578.753 shares issued and outstanding, respectively Retained earings Accumulated other comprehensive income To shareholders Tou t es and shareholders 31.251 27.418 92284 (345 125.249 321 880 119.355 $