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.

Apple Google One Year Prior Two Years Prior One YearYears Prior Two Current Year Current Year (S millions) Prior Accounts receivable, net. $ 13,102 10.930 $ 5,3698,882 7,885 5,427 170,910 56,508 108,249 59,825 50,175 37,905 Net sales .