12. On an average basis, how long does it take Apple to sell inventory in fiscal year 2021? Compare it with that of Microsoft and Amazon and assess Apple's inventory utilization efficiency. Note: To answer this question, you need to download the 2021 annual reports of Microsoft and Amazon (ignore any difference in fiscal year end date) and compute the corresponding ratio for the two firms.

12. On an average basis, how long does it take Apple to sell inventory in fiscal year 2021? Compare it with that of Microsoft and Amazon and assess Apple's inventory utilization efficiency. Note: To answer this question, you need to download the 2021 annual reports of Microsoft and Amazon (ignore any difference in fiscal year end date) and compute the corresponding ratio for the two firms.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 65.7C

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