Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a)
Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29 , 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 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 28, 2019, and (b) days' sales in inventory as of September 28,201 Complete this question by entering your answers in the tabs below. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? (Enter your answers in millions.) Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29,2018 ? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 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 28, 2019, and (b) days' sales in inventory as of September 28,2019. Complete this question by entering your answers in the tabs below. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? (Round your answers to 2 decimal places.) Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 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 28, 2019, and (b) days' sales in inventory as of September 28,2019. Complete this question by entering your answers in the tabs below. 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? Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 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 28, 2019, and (b) days' sales in inventory as of September 28 , 201S Complete this question by entering your answers in the tabs below. Compute (a) inventory turnover for fiscal year ended September 28, 2019, and (b) days' sales in inventory as of September 28, 2019. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29 , 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 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 28, 2019, and (b) days' sales in inventory as of September 28,201 Complete this question by entering your answers in the tabs below. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? (Enter your answers in millions.) Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29,2018 ? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 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 28, 2019, and (b) days' sales in inventory as of September 28,2019. Complete this question by entering your answers in the tabs below. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? (Round your answers to 2 decimal places.) Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 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 28, 2019, and (b) days' sales in inventory as of September 28,2019. Complete this question by entering your answers in the tabs below. 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? Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September 28, 2019? (b) On September 29, 2018? 2. Inventories make up what percent of total assets (a) on September 28, 2019? (b) On September 29, 2018? 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 28, 2019, and (b) days' sales in inventory as of September 28 , 201S Complete this question by entering your answers in the tabs below. Compute (a) inventory turnover for fiscal year ended September 28, 2019, and (b) days' sales in inventory as of September 28, 2019. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started