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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
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 shown. 2. Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and Hint: Average collection period equals 365 divided by the accounts receivable turnover. 3. Which company more quickly collects its accounts receivable in the current year? Complete this question by entering your answers in the tabs below. 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.) Complete this question by entering your answers in the tabs below. Compute the accounts receivable turnover for (a) Apple and (b) Google for each of the two most r shown. (Round your answers to 1 decimal place.) Complete this question by entering your answers in the tabs below. Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and (b) Google. Hint: Average collection period equals 365 divided by the accounts receivable turnover. (Use 365 days a year. Roun your answers to 1 decimal place.) Which company more quickly collects its accounts receivable in the current year
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