Solve Inventory Turnover Ratio and Average Days in Inventory

.> C | investor.apple.com/secfiling.cfm?filingD:320193-17-9&CIK:320193/ (In milions, except number of shares which are relected in thousands and per share amounts) Three Months Ended Nine Months Ended July 1, 2017 June 25, 2016 July 1, 2017 June 25, 2016 45 408 27,920 17 488 $ 42,358 S 26,252 16,106 176,655 S 108,400 68,255 168,787 102,337 66.450 Net sales Cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative 2,937 3.783 6.720 2,560 3,441 6,001 8,584 11,447 20,031 7,475 10,712 18,187 Total operating expenses Operating income Other incomeKexpense), net Income before provision for income taxes Provision for income taxes Net income 10,768 540 11,308 2.591 48,263 921 49,184 10,105 48,224 364 10,469 2,673 1,948 50,172 12,535 37,637 S 7,796 S 36,673 Eamings per share 1.68 S 1.67S 7.18 S 7.14 S Basic 1.43S 1.42S Diluted 6.62 Shares used in computing earnings per share 5,195,088 5,233,499 5,443,058 5,472,781 5,239,847 5,274,394 5,505,456 5,535,931 Basic Diluted Cash dividends declared per share 0.63 S 0.57 S 1.61 See accompanying Notes to Condensed Consolidated Financial Statements Apple IncI Q3 2017 Form 10-1 O Type here to search 5:44 AM 2/22/2018