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Comparative figures for Apple and Google follow. $ millions Accounts receivable, net Net sales Apple Current One Year Two Years Year Prior Prior $ 17,874
Comparative figures for Apple and Google follow. $ millions Accounts receivable, net Net sales Apple Current One Year Two Years Year Prior Prior $ 17,874 $ 15,754 $ 16,849 229,234 215, 639 233,715 Current Year $ 18,336 110,855 Google One Year Prior $14,137 90,272 Two Years Prior $11,556 74,989 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 a. Apple times b. Google times times times (Required 1 Required 2 >
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