Comparative figures for Research In Motion and Apple follow.

Required
1. Compute the accounts receivable turnover for Research In Motion and Apple 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 RIM and Apple, and suggest at least one explanation for the difference.
3. Which company is more efficient in collecting its accounts receivable?Explain.

Research In Motion Apple Current Year One Year Prior Two Years Current Year Years (S millions) Prior Prior Accounts receivable,net... Net sales 2,594 14,953 11,065 6,009 42,905 37,49 24,578