Presented here is basic financial information from the 2006 annual reports of Intel and Advanced Micro Devices
Question:
Presented here is basic financial information from the 2006 annual reports of Intel and Advanced Micro Devices (AMD), the two primary manufacturers of silicon chips for personal computers.
Instructions
Calculate the receivables turnover ratio and average collection period for both companies.
Comment on the difference in their collectionexperiences.
Transcribed Image Text:
(in millions) Intel AMD $35,382 $5,649 Sales Allowance for doubtful accounts, Jan. 1 Allowance for doubtful accounts, Dec. 31 Accounts receivable balance (gross), Jan. 1 Accounts receivable balance (gross), Dec. 31 64 32 3,978 2,741 13 13 818 1,153
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a 3978 64 b 2741 32 c 818 13 d 1153 13 Average collection period Intel...View the full answer
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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