Key comparative figures for Apple and Google follow. Required 1. Compute days? sales uncollected (rounded to two
Question:
Key comparative figures for Apple and Google follow.
Required
1. Compute days? sales uncollected (rounded to two decimals) for (a) Apple and (b) Google for the current and prior years.
2. Which company had more success collecting receivables?
Transcribed Image Text:
Apple Google Prior Year $ millions Prior Year Current Year Current Year $ 15,754 215,639 $ 16,849 233,715 $14,137 90,272 Accounts receivable Net sales $11,556 74,989
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1 a Apple millions Current Year 15754 215639 x 365 2667 days Prior Year 16849 233715 x ...View the full answer
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Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259917042
9th edition
Authors: John J. Wild
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