Question

Apple's days-of-supply of inventory... Apple's days-of-supply inventory is 11 (Round your answer to 1 decimal place.) What is its annual inventory turns? (Assume 365 days per year.)

Answer 1

To calculate Apple's annual inventory turns, we need to use the formula:

Annual inventory turns = 365 / days-of-supply of inventory

Given that Apple's days-of-supply of inventory is 11, we can substitute this value into the formula:

Annual inventory turns = 365 / 11

Calculating this expression, we get:

Annual inventory turns = 33.18

Therefore, Apple's annual inventory turns is approximately 33.2 (rounded to 1 decimal place). This means that Apple's inventory is turned over approximately 33.2 times in one year.

Answer 2

To calculate Apple's annual inventory turns with a days-of-supply inventory of 11, divide 365 days by 11, resulting in approximately 33.2 inventory turns per year.

Step-by-step explanation:

The question asks how to calculate the annual inventory turns given that Apple's days-of-supply inventory is 11. To find the annual inventory turns, you divide the number of days in a year by the days-of-supply inventory. Since there are approximately 365 days in 1 year, you would perform the following calculation:

Annual Inventory Turns = 365 days / 11 days

Annual Inventory Turns = 33.2

Therefore, Apple's annual inventory turns would be 33.2 times per year.