Comparative figures for Apple and Google follow. Required 1. Compute the accounts receivable turnover for the two
Question:
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:
Current Year $ millions Accounts receivable, net.. $ 22,926 Net sales...... 260,174 Apple One Year Prior $ 23,186 265,595 Two Years Prior $ 17,874 229,234 Current Year $ 25,326 161,857 Google One Year Prior $20,838 136,819 Two Years Prior $ 18,336 110,855
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
1 2 Apple Explanation Apple has a higher accounts receivable turnover than Google ...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Principles Of Financial Accounting (Chapters 1-17)
ISBN: 9781260780147
25th Edition
Authors: John Wild
Question Posted:
Students also viewed these Business questions
-
Taxpayer and spouse are a married couple filing jointly. This year, Taxpayer earned salary from her employer of $210,000 and Spouse earned salary from his employer of $65,000. Determine the couples...
-
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...
-
Comparative figures for Apple and Google follow. Required 1. Compute the accounts receivable turnover for (a) Apple and (b) Google for each of the two most recent years using the data shown. 2....
-
On your first day as a intern at Tri-Star Management Incorporated the CEO asks you to analyze the following information pertaining to two common stock investments, Tech.com Incorporated and Sam's...
-
Match the items with the related statements that follow. a. Internal control b. A need of internal control c. Managements responsibility d. Independent accountants audit 1. Evaluates managements...
-
Multiply, and then simplify each product. Assume that all variables represent positive real numbers. (VII - 1)
-
1-8. What is the difference between ultimate consumers and organizational buyers?
-
1. What did Arthur Andersen contribute to the Enron disaster? 2. What Arthur Andersen decisions were faulty? 3. What was the prime motivation behind the decisions of Arthur Andersens audit partners...
-
The following graph is from Hoyd and Company. Required: Label (a) and (b) in the graph and give the number of units sold for each
-
In a game, 80 marbles numbered 00 through 79 are placed in a box. A player draws 1 marble at random from the box. Without replacing the first marble, the player draws a second marble at random. If...
-
Vail Company recorded the following transactions during November. 1. Open a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowances. Also open an accounts...
-
Take It Easy is a manufacturer of light-weight, high-comfort mattresses. It realizes more than half of its total sales through two specialized mattress retail store chains. Recognizing the pivotal...
-
The following data are available for S&R company7 for its first month of operations: Direct materials Direct labor @P40/hr Job 101 Job 102 Job 103 P60,000 P90,000 P56,000 18,000 36,000 38,000...
-
1 2. Let A(x) = sin t + 1 dt, find A'(x) at x = 0, and 2 3. Evaluate the following definite integrals: 2 (a) (3x + 4x)dx 4 (b) xdx
-
A debt can be repaid with payments of $3912 today, $2436 in 2 years and $6770 in 5 years. What single payment will settle the debt 3 years from now if interest is 10.5% compounded quarterly?
-
With the PID/Freeze Frame/Snapshot data monitor function, input/output signal monitor items set in the start/stop control module can be selected and read out in real-time. Answer the following PID...
-
Which of the four global strategies (International, Multidomestic, Global-Standardization, or Transnational strategy) is 3M using? Is this the best strategy for it to use? Why or why not?
-
Lukov Incorporated provided the following data: Standard fixed overhead rate (SFOR) ............................. $5 per direct labour hour Actual fixed overhead costs...
-
Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment...
-
Assume that you are studying for an upcoming accounting exam with a good friend. Your friend says that she has a solid understanding of general partnerships but is less sure that she understands...
-
This activity requires teamwork to reinforce understanding of accounting for partnerships. Required 1. Assume that Baker, Warner, and Rice form the BWR Partnership by making capital contributions of...
-
What limits the usefulness to managers of fixed budget performance reports?
-
Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $198,000 in additional credit sales, 13 percent are likely to be...
-
Wendell's Donut Shoppe is investigating the purchase of a new $39,600 conut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings...
-
1.Discuss the challenges faced with Valuing Stocks and Bonds. As part of this discussion, how will the selected item be implemented in an organization and its significance? 2. Discuss how Valuing...
Study smarter with the SolutionInn App