Question
$ millions Apple Google Current Year Prior Year Current Year Prior Year Accounts receivable $ 23,186 $ 17,874 $ 20,838 $ 18,336 Net sales 265,595
| $ millions | Apple | ||||||||||||||
| Current Year | Prior Year | Current Year | Prior Year | ||||||||||||
| Accounts receivable | $ | 23,186 | $ | 17,874 | $ | 20,838 | $ | 18,336 | |||||||
| Net sales | 265,595 | 229,234 | 136,819 | 110,855 | |||||||||||
Required: 1. Compute days sales uncollected for the current year and the prior year for (a) Apple and (b) Google. 2. Which company had more success collecting receivables?
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
