Key comparative figures for Apple and Google follow. Required Compute days' sales uncollected (rounded to two decimals)
Question:
Key comparative figures for Apple and Google follow.
Required
Compute days' sales uncollected (rounded to two decimals) for these companies for each of the two years shown. Comment on any trends for the companies. Which company has the largest percent change (rounded to two decimals) in days' sales uncollected?
Transcribed Image Text:
Apple Google $ millons Current Year Prior Year Current Year Prior Year 16,849 233,715 17,460 182,795 $11,556 74,989 $ 9,383 66,001 Net sales
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Apple millions Current Year 16849 233715 x 365 2631 days Prior Year 17460 182795 x 3...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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