Both Sun Microsystems Inc. and Cisco Systems are in the computer industry. These data (in millions) are
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Both Sun Microsystems Inc. and Cisco Systems are in the computer industry. These data (in millions) are from the end of their fiscal years 2009:
Compare the payables turnover and days’ payable for both companies. How are cash flows affected by days’ payable? How do Sun Microsystems’ and Cisco Systems’ ratios compare with the computer industry ratios shown on pages 365 and 366? (Use year-end amounts for ratios.)
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Payables turnover and days payable computed and compared in millions Cisco Systems pays its accounts ...View the full answer
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