Question: Presented here is basic financial information from the 2009 annual reports of Intel and Advanced Micro Devices (AMD), the two primary manufacturers of silicon chips

Presented here is basic financial information from the 2009 annual reports of Intel and Advanced Micro Devices (AMD), the two primary manufacturers of silicon chips for personal computers.

InstructionsCalculate the receivables turnover ratio and average collection period for both companies.Comment on the difference in their collection experiences.

(in millions) Intel $35,127 AMD 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 $5,403 8. 17 19 1,729 2,292 328 752

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Intels receivables turnover ratio was approximately 74 higher 176 101 101 ... View full answer

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