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Key figures for Samsung and Google follow In millions Accounts payable Cost of goods sold Samsung Current Year Prior Year # 9,083,907 # 6,485,039 129,290,661
Key figures for Samsung and Google follow In millions Accounts payable Cost of goods sold Samsung Current Year Prior Year # 9,083,907 # 6,485,039 129,290,661 120, 277,715 Google Current Year # 3,137 45,583 Required: 1. Compute Samsung's days' payable outstanding for the most recent two years. (Do not round intermediate calculations. Round your final answers to 1 decimal place. Use 365 days in a year.) Samsung Current Year Prior Year days days Days' payable 2. Assuming Samsung is not at risk of damaging its relationship with suppliers, does it prefer days' payable outstanding to increase or decrease? Increase O Decrease 3. For the current year, did Samsung or Google take more time to pay its suppliers (based on days' payable outstanding)
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