Both Sun Microsystems Inc. and Cisco Systems are in the computer industry. These data (in thousands) are
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Both Sun Microsystems Inc. and Cisco Systems are in the computer industry. These data (in thousands) are for their fiscal year ends
Compare the payables turnover ratio and days’ payable for both companies.
Comment on the results. How are cash flows affected by days’ payable? How do Sun Microsystems’ and Cisco Systems’ ratios compare with the computer industry ratios shown in Figures 1 and 2 in this chapter? (Use year-end amounts for ratios.)
Nature and Recognition of an Estimated Liability
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