Key figures for Apple and Google follow. Required 1. Compute days payable outstanding for each company for

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Key figures for Apple and Google follow.

Required

1. Compute days’ payable outstanding for each company for the most recent two years.

2. For the current year, which company took more time to pay its suppliers?

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Oct 25, 2021 04:19 AM

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Key figures for Apple and Google follow. Required 1. Compute days payable outstanding for each company for

Question:

Apple Google $ millions Current Year Prior Year Current Year Prior Year Accounts payable..... Cost of goods sold. $ 46,236 $ 55,888 $ 5,561 $ 4,378 161,782 163,756 71,896 59,549

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1 Apple current year Days payable outstanding 46236 16...View the full answer

Fundamental Accounting Principles

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