Apple Technology Corp. hold ? Apple Technology Corp., has an annual netincome of $12.4 billion, the revenue of $93.7billion, and a cost of goods sold of $42.5billion. If the balance sheet amount shows$5.8 billion of inventory how many weeks ofsupply does Apple Technology Corp. hold?

We use the formula: Weeks of Supply=(Cost of Goods SoldInventory)×52 Given Data:Inventory = $5.8…

Answered: Apple Technology Corp., has an annual…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 14P

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Apple Technology Corp., has an annual net income of $12.4 billion, the revenue of $93.7 billion, and a cost of goods sold of $42.5 billion. If the balance sheet amount shows $5.8 billion of inventory how many weeks of supply does Apple Technology Corp. hold?