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 29, 2018? (b) On September 30, 2017? 2. Inventories make up what percent of total assets (a) on September 29, 2018? (b) On September 30, 2017? 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 29, 2018, and (b) days' sales in inventory as of September 29, 2018. 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 29, 2018? (b) On September 30, 2017? (Enter your answers in millions.) Amount (in millions) (a) September 29, 2018 (b) September 30, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Inventories make up what percent of total assets (a) on September 29, 2018? (6) On September 30, 2017? (Round your answers to 2 decimal places.) (a) September 29, 2018 (b) September 30, 2017 % of Total Assets % % Complete this question by entering your answers in the tabs below. 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute (a) inventory turnover for fiscal year ended September 29, 2018, and (b) days' sales in inventory as of September 29, 2018. (Do not round intermediate calculations. Round your answers to 1 decimal place.) times (a) Inventory turnover (b) Days' sales in inventory days