Refer to the financial statements of Apple Inc. in Appendix A. Instructions a. Calculate the accounts receivable
Question:
Refer to the financial statements of Apple Inc. in Appendix A.
Instructions
a. Calculate the accounts receivable turnover and average collection period for 2020. (Assume all sales were credit sales.)
b. Did Apple have any potentially significant credit risks in 2020 ?
c. What conclusions can you draw from the information in parts (a) and (b)?
Data from Appendix A
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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