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Apple Inc. manufactures and sells iPhones, among other products and services, directly to mobile telecommunications...

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Accounting

Apple Inc. manufactures and sells iPhones, among other products and services, directly to mobile telecommunications service suppliers. The company reported the following amounts for a recent fiscal year (in US$ millions):

image Required: 1. Determine the inventory turnover ratio and the average days to sell inventory for the year. (Use 365 days a year. Round "Inventory turnover ratio" to 2 decimal places and other answer to nearest whole number.) 2. This part of the question is not part of your Connect assignment. 3. Indicate whether the inventory turnover ratio will increase, decrease or remain unchanged as a result of the following changes in inventory management

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