Comparative figures for Apple and Google follow. Required 1. Compute the accounts receivable turnover for the two
Question:
Comparative figures for Apple and Google follow.
Required
1. Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google.
2. Which company more quickly collects its accounts receivable in the current year?
Transcribed Image Text:
Apple Google Current One Year Two Years Current One Year Two Years $ mllons Year Prlor Prlor Year Prior Prlor Accounts receivable, net .. $ 23,186 $ 17,874 $ 15,754 $ 20,838 $ 18,336 $14,137 Net sales... 265,595 229,234 215,639 136,819 110,855 90,272
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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