What is Apple Inc. 2019 - Inventory turnover=cost of goods sold/ inventory - Average collection period...

What is Apple Inc. 2019

- Inventory turnover=cost of goods sold/ inventory

- Average collection period or days sales outstanding= Accounts Receivable/Total Sales/360?

Expert Solution

Apple Inc. is a multinational company in terms of technology. The Apple headquarters are located in Cupertino, CA. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976.Apple is a prominent hardware and software company best known for its series of personal computers, the iPod and its innovative marketing strategies for its products and helped Apple cultivate a reputation for innovation, which the company still enjoys today. Apple is the world's largest information technology company by revenue

Listing down the Apple products but here are the few, major ones:
1. iPhone
2. Mac, including iMac, Mac Pro, MacBook Air, MacBook Pro.
3. iPod - touch, nano, shuffle, classic (discontinued 2 days ago, probably)
4. iPad
5. Apple Watch(yet to come)
6. Apple TV
And a huge number of software, mostly for the Mac OSX and iOS, including keynote, pages, numbers, iMovie, iPhoto (being discontinued), iTunes, Logic Pro, etc.

For 28-09-2019 (Quarterly taken) This ratio are calculated properly from the Quarterly Report of Apple Inc.

Inventory Turnover = 39727/4106 = 9.68

This ratio shows how effectively inventory is managed by comparing cost of goods sold with average inventory for a period.

Average collection period or days sales outstanding = 22,926/64040/360 = 128.88

It represents the average number of days it takes credit sales to be converted into cash.

jeff jeffy answered 7 months ago

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