Presented here is basic financial information from the 2009 annual reports of Intel and Advanced Micro Devices
Question:
Presented here is basic financial information from the 2009 annual reports of Intel and Advanced Micro Devices (AMD), the two primary manufacturers of silicon chips for personal computers.
InstructionsCalculate the receivables turnover ratio and average collection period for both companies.Comment on the difference in their collection experiences.
Transcribed Image Text:
(in millions) Intel $35,127 AMD Sales Allowance for doubtful accounts, Jan. 1 Allowance for doubtful accounts, Dec. 31 Accounts receivable balance (gross), Jan. 1 Accounts receivable balance (gross), Dec. 31 $5,403 8. 17 19 1,729 2,292 328 752
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
Intels receivables turnover ratio was approximately 74 higher 176 101 101 ...View the full answer
Answered By
Ravindra kumar
Excels in dissertations, projects, research proposals and general write-up. I have long term experience in online tutoring in different platforms and my long term expertise in non technical fields provides a ground for proficiency and exclusive solutions.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Presented here is basic financial information from the 2006 annual reports of Intel and Advanced Micro Devices (AMD), the two primary manufacturers of silicon chips for personal computers....
-
The following information is from the 2009 annual reports of The Coca-Cola Company and of PepsiCo (all amounts are in millions of U.S. dollars). The information for PepsiCo is separated into overall...
-
Presented here is basic financial information (in millions) from the 2006 annual reports of Nike and Adidas. Instructions Calculate the receivables turnover ratio and average collection period for...
-
For the spherical coordinate system (R, , ) in Fig. 1.6, show that: Fig 1.6 X @3 0 Ex R e2 en ee X2
-
An 84-lb force is applied to the toggle vise at C. Knowing that = 90, draw the free-body diagram(s) needed to determine the vertical force exerted on the block at D. 7 in 9 in 24 in 40 in B S4 lb 24...
-
Jane receives utility from days spent traveling on vacation domestically (D) and days spent traveling on vacation in a foreign country (F), as given by the utility function U(D,F) = 10DF. In...
-
Tanzy Companys ending inventory includes the following items. Compute the lower of cost or mar ket for ending inventory (a) as a whole and (b) applied separately to each product. Per Unit Product...
-
How would each of the following changes tend to affect aggregate payout ratios (that is, the average for all corporations), other things held constant? Explain your answers. a. An increase in the...
-
1 24 30 +4 f f 4 2c 22 A 3 20 44 AV >>> 04 4 +4 4 A -> 4 As shown above, a classic deck of cards is made up of 52 cards, 26 are black, 26 are red. Each color is split into two suits of 13 cards each...
-
4. Sleekfon and Sturdyfon are two major cell phone manufacturers that have recently merged. Their current market sizes are as shown in Table 5-9. All demand is in millions of units. Sleekfon has...
-
Brockman Company closes its books on October 31. On September 30, the Notes Receivable account balance is $18,800. Notes Receivable include the following. Interest is computed using a 360-day year....
-
Porter Corporation's balance sheet at December 31, 2011, is presented below. During January 2012, the following transactions occurred. Porter uses the perpetual inventory method.Jan. 1 Porter...
-
A homeowner took out a 30-year, fixed-rate mortgage of $220,000. The mortgage was taken out 10 years ago at a rate of 7.20 percent. If the homeowner refinances, the charges will be $3,500. What is...
-
Based on your own experience or interactions you have observed, analyze an ethical issue or challenge using the PEOPLE model. Clearly indicate your references to each of the PEOPLE elements. Write...
-
thoughts - What ideas or new information did we come across in intersectionality of techno racism Feelings - How have feelings been sparked or changed by the above ideas or new information. Actions -...
-
In this question you are given different state spaces and need to specify which algorithm(s) are guaranteed to find a solution if a solution exists, or find that there is no solution. Consider the...
-
Given the complex numbers Z = 1 + 2i,z = 4i,z3 = 3-6i. Evaluate the following: (Use properties, if possible, to simplify computations.) (a) Im{z4z1 - i} (b) z-372 Z1 Z3 (c) 21-34 Z2 (d) (Z1 Z2)(Z1 +...
-
Cultural Dimension Diagnosis Diagnosis #1: Jody lives on another planet far away from here. However her planet is similar to Earth in that there are different cultures that fundamentally differ from...
-
(a) At what reverse-bias voltage does the reverse-bias current in a silicon pn junction diode reach 90 percent of its saturation value? (b) What is the ratio of the current for a forward-bias voltage...
-
You deposit $10,000 in a savings account that earns 7.5% simple interest per year. What is the minimum number of years you must wait to double your balance? Suppose instead that you deposit the...
-
Find the price formulas for the following European compound options: (a) Put-on-a-call option when the underlying asset pays a continuous dividend yield q; (b) Call-on-a-put option when the...
-
Assume that Tracy Company uses a periodic inventory system and has these account balances: Purchases $404,000; Purchase Returns and Allowances $13,000; Purchase Discounts $9,000; and Freight-In...
-
Durbin Corporation reported net sales of $250,000, cost of goods sold of $150,000, operating expenses of $50,000, net income of $32,500, beginning total assets of $520,000, and ending total assets of...
-
Durbin Corporation reported net sales of $250,000, cost of goods sold of $150,000, operating expenses of $50,000, net income of $32,500, beginning total assets of $520,000, and ending total assets of...
-
You should be able to arrive at the audited balance by referring to the balance sheet and the adjustments, if any, that you may be able to identify based on available findings and information. If...
-
me now ROI and Investment Decisions Allard, Inc., presented two years of data for its Frozen Foods Division and its Canned Foods Division. Frozen Foods Division: Year 1 Year 2 Sales $35,200,000...
-
Question 3 Conversion costs include: I. Depreciation of the production facility II. Direct labor III. Indirect labor IV. Indirect materials A. I only OB. I, II, and III OC. I, III and IV O D. All of...
Study smarter with the SolutionInn App