Review the 2022 Annual Report (Form 10-K) for Apple, Inc. (financial statements begin on page 32 of the PDF) and respond to the questions / requirements below.

Apple does not provide a lot of information about inventory in their Annual Report / financial statements, other than the amount on the Consolidated Balance Sheets and a very brief indication in Note 1 (on page 38 of the PDF) that the company uses the first-in, first-out (FIFO) method to measure inventory.

1. Does the amount of inventory (relative to other assets) make sense for a business such as Apple, or would the inventory balance be expected to maybe be higher or lower?

2.Choose another company (that manufactures and/or sells goods) and retrieve their most recent Annual Report / financial statements. Does this company provide more detail about their inventory than does Apple (be specific)?

3.What inventory accounting method does this company use?

4. Does the amount of inventory (relative to other assets) make sense for this other companys business, or would the inventory balance be expected to maybe be higher or lower?