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compute how many days on average it takes to collect receivables for the two mksr recent years for apple and google Save & Exit Submit

compute how many days on average it takes to collect receivables for the two mksr recent years for apple and google image text in transcribed
Save & Exit Submit Saved Help Ch 07 Homework Check my work Google Apple Ore Year Tvo Years Prior $11,556 74.989 Current Year $ 18,336 110,855 One Year Tvo Years Prior 16,849 233,715 Current Year $17,874 S 15,754 229.234 Prior Prior S nillions Accounts receivable, net Net sales $14,137 s0,272 215,639 points 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? eBook Print References Complete this question by entering your answers in the tabs below. Required 3 Required 1 Required 2 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 Colection Period Current Year Prior Year 27.6 days 26.8 days a Apple b Google days days Required 3

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