Comparative figures for Apple and Google follow. Required 1. Compute the accounts receivable turnover for (a) Apple

Question:

Comparative figures for Apple and Google follow.

Required

1. Compute the accounts receivable turnover for (a) Apple and (b) Google for each of the two most recent years using the data shown.

2. Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and (b) Google.

3. Which company more quickly collects its accounts receivable in the current year?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial Accounting Information for Decisions

ISBN: 978-1259917042

9th edition

Authors: John J. Wild

See More Books

Question Posted: Nov 12, 2019 12:32 PM

See More Questions

Key comparative figures for Apple and Google follow. 1. What is the debt ratio for Apple in the current year and for the prior year? 2. What is the debt ratio for Google in the current year and for...
Comparative figures for Apple and Google follow. Required 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days sales in inventory for each company for...
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...
Draw and name the eight isomeric alcohols with formula C5H12O.
According to the U.S. Department of the Interior, the amount of energy lost because of poorly insulated homes is equivalent to 2 million barrels of oil per day. In 2009, this is more oil than the...
Mavis Chan is currently a Financial Controller of a listed company, and has researched the financial pros and cons of enrolling in a 1-year Executive MBA (EMBA) program at her local university. The...
Fraud deterrence is centered on the fear of getting caught and the fear of getting punished. In your opinion, which is stronger and why?
Belden, Inc. acquires 30 percent of the outstanding voting shares of Sheffield, Inc. on January 1, 2017, for $312,000, which gives Belden the ability to significantly influence Sheffield. Sheffield...
Describe issues of healthcare provision during economic downturns. Consider some of the ethical issues presented by government financing. Explain with at least three hundred words
Mark Lines is an online portal (www.marklines.com) that reports automotive industry data. The table below shows the number of cars sold in the United States from January to November in 2017 and 2018....
At December 31, 2018, Ingleton Company reports the following results for the year. In addition, its unadjusted trial balance includes the following items. Required 1. Prepare the adjusting entry for...
Jarden Company has credit sales of $3,600,000 for year 2018. On December 31, 2018, the company?s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. Jarden prepares a...
Simplement, Inc., which provides data sourcing solutions for Systems Applications and Products (SAP) customers, announced the achievement of subsecond response times for discovery and exploration in...
Julian and Georgia file a joint return. They have adjusted gross income of $112,000 and ritemized deductions of $24,600. Are they Arequired to use the Tax Rate Schedules or the Tax Tables in...
What two Code sections are referred to in Code Sec. 56 (f) (2) (F)(ii) (II)?
Are all individuals required to file an income tax return?
Which oft he following individuals are required to file a tax return for 2019? Assume no tax has been withheld. a. Rebecca, single and with no dependents, earned $12,550 for the year. b. Hugh and...
Juan divorced Maria in 2017. During 2019, per the divorce decree, Juan made the following payments: What is the amount Juan can deduct as alimony on his 2019 tax return? a. $3,000 b. $5,400 c. $8,400...
Brianna wants to purchase a new set of 4 tires for her car. She identifies two stores that sell the specific tires she is looking for. Both stores sell the tires for $119 per tire. Store A charges an...
A new car sold for $31,000. If the vehicle loses 15% of its value each year, how much will it be worth after 10 years?
If a company reports positive net income for the year, can it also show a net cash outflow from operating activities? Explain.
If a company reports positive net income for the year, can it also show a net cash outflow from operating activities? Explain.
Is depreciation a source of cash flow?
in a thousand words explain the theoretical differences between a corporate and a divisional cost of capital, and the potential for serious valuation errors if the incorrect WACC is used
You own an a townhome with an assessed value of $183,800. The tax rate is $2.20 per $100 of assessed value. (Round your answers to the nearest cent.)(a)What is the amount of property tax (in $)?$...
es Carter Paint Company has plants in four provinces. Sales last year were $100 million, and the balance sheet at year-end is similar in percent of sales to that of previous years (and this will...

Comparative figures for Apple and Google follow. Required 1. Compute the accounts receivable turnover for (a) Apple

Question:

Apple Google Current Year Two Years Prior One Year Prior Current Year One Year Prior Two Years Prior $millions Accounts receivable, net .. $ 15,754 Net sales $ 16,849 233,715 $ 17,460 182,795 $14,137 90,272 $11,556 $ 9,383 66,001 215,639 74,989

Step by Step Answer:

1 Accounts Receivable Turnover millions a Apple Current Year 215639 15754 16849 2 1323 ...View the full answer

Financial Accounting Information for Decisions

Students also viewed these Business questions