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$ millions Apple Google Current Year One Year Prior Two Years Prior Current Year One Year Prior Two Years Prior Accounts receivable, net $ 23,186
$ millions Apple Google
Current Year One Year Prior Two Years Prior Current Year One Year Prior Two Years Prior
Accounts receivable, net $ 23,186 $ 17,874 $ 15,754 $ 20,838 $ 18,336 $ 14,137
Net sales 265,595 229,234 215,639 136,819 110,855 90,272
Required:
Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google.
Which company more quickly collects its accounts receivable in the current year?
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