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

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Key comparative figures for Apple and Google follow.

Apple Google Prior Year Current Year Prior Year Current Year $ millons Accounts receivable Net sales $ 17,874 229,234 $

Required
1. Compute days’ sales uncollected (rounded to one decimal) for

(a) Apple

(b) Google for the current and prior years.

2. Which company had more success collecting receivables?

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Fundamental Accounting Principles

ISBN: 978-1259916960

24th edition

Authors: John J Wild, Ken Shaw

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Question Posted: Jul 09, 2019 10:16 AM

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

Question:

Apple Google Prior Year Current Year Prior Year Current Year $ millons Accounts receivable Net sales $ 17,874 229,234 $ 15,754 215,639 $ 18,336 110,855 $14,137 90,272

Step by Step Answer:

1 a Apple millions Current Year 17874 229234 x 365 285 days Prior Year 15754 215639 x ...View the full answer

Fundamental Accounting Principles

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