Comparative figures for Apple and Google follow Required 1 Compute the accounts
Comparative figures for Apple and Google follow.
Required
1. Compute the accounts receivable turnover for Apple and Google for each of the two most recent years using the data shown.
2. Using results from part 1, compute how many days it takes each company, on average, to collect receivables. Compare the collection periods for Apple and Google, and suggest at least one explanation for the difference.
3. Which company is more efficient in collecting its accounts receivable? Explain.
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