Comparative figures for Apple and Google follow.

Required:

1. Compute the accounts receivable turnover for Apple and Google for each of the two most recent years using the data shown.
2. Using the results from part 1, compute how many days it takes each company, on average, to collect receivables. Compare the collection periods for Apple and Google, and suggest at least one explanation for the difference.
3. Which company is more efficient in collecting its accounts receivable? Explain.

Apple Google One Year Prior Two Years Prior One Year Prior Two Years Current Year Current Year Prlor $ millons $ 17,460 182,795 $ 16,849 233,715 $ 13,102 170,910 $ 11,556 $9,383 66,001 $ 8,882 55,519 Accounts receivable, net... Net sales.... 74,989