Key comparative figures for Apple and Google follow. Required 1. Compute days? sales uncollected (rounded to two

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Key comparative figures for Apple and Google follow.

Required

1. Compute days? sales uncollected (rounded to two decimals) for (a) Apple and (b) Google for the current and prior years.

2. Which company had more success collecting receivables?

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Financial Accounting Information for Decisions

ISBN: 978-1259917042

9th edition

Authors: John J. Wild

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Question Posted: Nov 12, 2019 11:59 AM

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Key comparative figures for Apple and Google follow. Required 1. Compute days? sales uncollected (rounded to two

Question:

Apple Google Prior Year $ millions Prior Year Current Year Current Year $ 15,754 215,639 $ 16,849 233,715 $14,137 90,272 Accounts receivable Net sales $11,556 74,989

Step by Step Answer:

1 a Apple millions Current Year 15754 215639 x 365 2667 days Prior Year 16849 233715 x ...View the full answer

Financial Accounting Information for Decisions

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