Comparative figures for Apple and Google follow. Required 1. Compute the accounts receivable turnover for the two
Question:
Comparative figures for Apple and Google follow.
Required
1. Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google.
2. Which company more quickly collects its accounts receivable in the current year?
Transcribed Image Text:
Current Year $ millions Accounts receivable, net.. $ 22,926 Net sales...... 260,174 Apple One Year Prior $ 23,186 265,595 Two Years Prior $ 17,874 229,234 Current Year $ 25,326 161,857 Google One Year Prior $20,838 136,819 Two Years Prior $ 18,336 110,855
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Related Book For
Principles Of Financial Accounting (Chapters 1-17)
ISBN: 9781260780147
25th Edition
Authors: John Wild
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