Key comparative figures for Apple and Google follow. Required Compute days' sales uncollected (rounded to two decimals)
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Key comparative figures for Apple and Google follow.
Required
Compute days' sales uncollected (rounded to two decimals) for these companies for each of the two years shown. Comment on any trends for the companies. Which company has the largest percent change (rounded to two decimals) in days' sales uncollected?
Transcribed Image Text:
Apple Google Current Prior Current Prior Year (S millions) Accounts receivable Net sales.. Year Year Year 13,102 10,930 8,882 7,885 . 170,910 56,508 59,825 50,175
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Apples days sales uncollected has increased by 249 days The percent increase is 2798 2549 ...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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