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Excerpts from Microsoft's December 31, 2024 and 2023, financial statements and key ratios are presented below (all dollar values are in millions): Accounts receivable
Excerpts from Microsoft's December 31, 2024 and 2023, financial statements and key ratios are presented below (all dollar values are in millions): Accounts receivable (net) 2024 $ 23 Net sales Cost of goods sold Net income Inventory turnover Return on assets Equity multiplier 2023 $ 12 $ 118 $ 103. $ 63 $ 58 $ 23 $ 20 5.35 10.40% 2.39 Microsoft's 2024 average collection period is closest to: Multiple Choice 61.73 days. 49.32 days. 50.91 days 54.13 days
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