Comparative figures for Apple and Google follow.

Required

1. Compute the accounts receivable turnover for the two most recent years for 

(a) Apple and 

(b) Google.

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

Transcribed Image Text:

Apple Google Current One Year Two Years Current One Year Two Years $ ilions Year Prior Prior Year Prior Prior $ 20,838 Accounts receivable, net .. $ 22,926 Net sales.... $ 23,186 $ 17,874 $ 25,326 $ 18,336 260,174 265,595 229,234 161,857 136,819 110,855