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Assignment:
Obtain the latest Annual Reports for both Apple and Cisco online. (You can find the latest Annual Reports for both firms, online, at the Investor Relations part of each firm's website.) Obtain from both company's financial statements the following amounts for the last two years:
Calculate and apply the inventory turnover ratio and the gross profit percentage calculations that you learned about in this module. Prepare these ratios for both years, and then place the results side-by-side for each company as part of your initial response. Then answer the following questions as part of your initial response. We recommend you copy and paste each question in bold type with your answer directly below each question:
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