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Comparative figures for Apple and Google follow. Apple Google Current One Year Two Years Current One Year $ millions Accounts receivable, net Two Years Prior
Comparative figures for Apple and Google follow. Apple Google Current One Year Two Years Current One Year $ millions Accounts receivable, net Two Years Prior Year Prior Prior Year Prior $ 17,874 229,234 $15,754 215, 639 $ 16,849 233,715 $ 18,336 110,855 $14,137 90,272 $11,556 74,989 Net sales 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. Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and (b) Google 3. Which company more quickly collects its accounts receivable in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the accounts receivable turnover for (a) Apple and (b) Google for each of the two most recent years using the data shown. (Round your answers to 1 decimal place.) Accounts Receivable Turnover Current Year Prior Year times times a. Apple times b. Google times Required 2 0utW ctuunts Tece loll tuet year? Complete this question by entering your answers in the tabs below. Required 1 Requed 2 Required 3 Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and (b) Google. (Use 365 days a year. Round your answers to 1 decimal place.) Average Collection Period Current Year Prior Year a. Apple b. Google days days days days Required 1 Required 3
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