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$ millions Accounts receivable, net Net sales Apple Current One Year Two Years Year Prior Prior $ 15,754 $ 16,849 $ 17,460 215,639 233,715 182,795

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$ millions Accounts receivable, net Net sales Apple Current One Year Two Years Year Prior Prior $ 15,754 $ 16,849 $ 17,460 215,639 233,715 182,795 Google Current One Year Two Years Year Prior Prior $14,137 $11,556 $ 9,383 90,272 74,989 66,001 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 compute the accounts receivable turnover for (a) Apple and (D) Google for each of the two most recent years using the data shown. (Round your answers to 2 decimal places.) Accounts Receivable Turnover Current Year Prior Year times times times a. Apple b. Google times Required 1 Required 2 > $ millions Accounts receivable, net Net sales Apple Current One Year Two Years Year Prior Prior $ 15,754 $ 16,849 $ 17,460 215, 639 233, 715 182,795 Current Year $14,137 90,272 Google One Year Two Years Prior Prior $11,556 $ 9,383 74,989 66,001 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and (b) Google. (Use 360 days a year. Round your answers to 1 decimal place.) Average Collection Period Current Year Prior Year a. Apple days days b. Google days days

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