refer to the following financial summary information for Apple Inc. (all numbers are in millions): YOU MUST SHOW ALL CALCULATIONS TO EARN CREDIT. BALANCE SHEETS: Assets: Receivable Assets net 082 Cash Accounts Inventory Other Current 13,936 Fixed Assets, Stock Investments Payable Liabilities Total Assets Liabilities and Equity: Accounts 35,673 33,783 Liabilities Other Current 50,226 44,242 Long-Term Debt Other Noncurrent 43,251 35,567 Common Retained Earnings 98.330 Total Liabilities and 375,319 Equity INCOME STATEMENT: Revenue Cost of Goods Sold General and Administrative 2017 74,181 48,995 4,855 12,057 41,304 212.891 Depreciation Expense Earnings Before Interest and Taxes Interest Expense Pretax Net Income Income Taxes Net Income 55,888 55,416 103,703 48,209 375,319 405,725 33,293 405,725 110,400 2018 FY 2018 66,301 3,986 102,519 265,595 233, 163,756 14,793 3.240 10.903 76,143 72,903 59,531 13.372 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? What was Apple's Equity Multiplier for 2018? What was Apple's Return on Equity for 2018 (For balance sheet accounts, use the average of the beginning and end- of-year balances)? If Apple had an average of 4,337 million common shares outstanding during 2018 and its stock is currently worth $175 per share, what is its Price : Earnings (PE) ratio? If the analysts who follow Apple project 2019 sales to increase by 7.4% over 2018, 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 2019? Assuming that Apple's net working capital is expected to vary directly with sales, based on a projected 7.4% sales increase in 2019, what is the projected accounts receivable balance at the end of 2019? If the management of Apple projects that by the end of 2018, it was operating at 62% of capacity, what is its full level capacity of sales?