Required: 1. What amount of inventories did Apple report as a current asset (a) on September 30, 2017? (b) On September 24, 2016? 2. Inventories make up what percent of total assets (a) on September 30, 2017? (b) On September 24, 2016? 3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? 4. Compute (a) inventory turnover for fiscal year ended September 30, 2017, and (b) days' sales in inventory as of September 30, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What amount of inventories did Apple report as a current asset (a) on September 30, 2017? (b) on September 24, 2016? Amount (a) September 30, 2017 (b) September 24, 2016 Required 1 Required 2 Required 3 Required 4 Inventories make up what percent of total assets (a) on September 30, 2017? (b) On September 24, 2016? (Round your answers to 2 decimal places.) Total Assets (a) September 30, 2017 (b) September 24, 2016 Required 1 Required 2 Required 3 Required 4 Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? Does Apple prefer inventory to be a lower or higher percentage of total assets? Compute (a) inventory turnover for fiscal year ended September 30, 2017, and (b) days' sales in inventory as of September 30, 2017. (Round your answers to 1 decimal place.) times (a) Inventory turnover (6) Days' sales in inventory days Required: 1. What amount of inventories did Apple report as a current asset (a) on September 30, 2017? (b) On September 24, 2016? 2. Inventories make up what percent of total assets (a) on September 30, 2017? (b) On September 24, 2016? 3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? 4. Compute (a) inventory turnover for fiscal year ended September 30, 2017, and (b) days' sales in inventory as of September 30, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What amount of inventories did Apple report as a current asset (a) on September 30, 2017? (b) on September 24, 2016? Amount (a) September 30, 2017 (b) September 24, 2016 Required 1 Required 2 Required 3 Required 4 Inventories make up what percent of total assets (a) on September 30, 2017? (b) On September 24, 2016? (Round your answers to 2 decimal places.) Total Assets (a) September 30, 2017 (b) September 24, 2016 Required 1 Required 2 Required 3 Required 4 Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets? Does Apple prefer inventory to be a lower or higher percentage of total assets? Compute (a) inventory turnover for fiscal year ended September 30, 2017, and (b) days' sales in inventory as of September 30, 2017. (Round your answers to 1 decimal place.) times (a) Inventory turnover (6) Days' sales in inventory days
