Information for Google follows. Required 1. Compute Googles cash conversion cycle for both the current and prior

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Information for Google follows.

Required

1. Compute Google’s cash conversion cycle for both the current and prior years.
2. Did Google become more effective at managing cash in the current year?

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Oct 28, 2021 02:52 AM

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Information for Google follows. Required 1. Compute Googles cash conversion cycle for both the current and prior

Question:

$ millions Current Year One Year Prior $ 20,838 Accounts receivable, net ... Net sales... $ 25,326 161,857 136,819 Inventory.... 999 1,107 Cost of goods sold . Accounts payable ... 71,896 59,549 5,561 4,378

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Fundamental Accounting Principles

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