Comparative figures for Apple and Google follow. Required 1. Compute the accounts receivable turnover for (a) Apple

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Comparative figures for Apple and Google follow.

Required

1. Compute the accounts receivable turnover for (a) Apple and (b) Google for each of the two most recent years using the data shown.

2. Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and (b) Google.

3. Which company more quickly collects its accounts receivable in the current year?

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Financial Accounting Information for Decisions

ISBN: 978-1259917042

9th edition

Authors: John J. Wild

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Question Posted: Nov 12, 2019 12:32 PM

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Comparative figures for Apple and Google follow. Required 1. Compute the accounts receivable turnover for (a) Apple

Question:

Apple Google Current Year Two Years Prior One Year Prior Current Year One Year Prior Two Years Prior $millions Accounts receivable, net .. $ 15,754 Net sales $ 16,849 233,715 $ 17,460 182,795 $14,137 90,272 $11,556 $ 9,383 66,001 215,639 74,989

Step by Step Answer:

1 Accounts Receivable Turnover millions a Apple Current Year 215639 15754 16849 2 1323 ...View the full answer

Financial Accounting Information for Decisions

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