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Comparative figures for Apple and Google follow. $ millions Accounts receivable, net Net sales Current Year $ 22,926 260,174 Apple One Year Prior $ 23,186
Comparative figures for Apple and Google follow. $ millions Accounts receivable, net Net sales Current Year $ 22,926 260,174 Apple One Year Prior $ 23,186 265,595 Two Years Prior $ 17,874 229,234 Current Year $ 25,326 161,857 Required: Google One Year Prior $ 20,838 136,819 Two Years Prior $ 18,336 110,855 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google. (Round your answers to 1 decimal place.) Accounts Receivable Turnover Current Year Prior Year a. 11.30 times 7.7 times Apple b. 6.4 times 6.3 times Google
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