Key figures for Samsung and Google follow. Required 1. Compute Samsungs days payable outstanding for the most
Question:
Key figures for Samsung and Google follow.
Required
1. Compute Samsung’s days’ payable outstanding for the most recent two years.
2. Assuming Samsung is not at risk of damaging its relationships with suppliers, does it prefer days’ payable outstanding to increase or decrease?
3. For the current year, did Samsung or Google take more time to pay its suppliers (based on days’ payable outstanding)?
Transcribed Image Text:
Samsung Google $ illions Current Year One Prior Year Current Year Accounts payable.... Cost of goods sold .... $ 7,480 $ 7,276 $ 5,561 126,336 113,598 71,896
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1 Samsung current year Days payable outstanding 7480 126336 x 365 216 days Sa...View the full answer
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