Key figures for Samsung and Google follow. Required 1. Compute Samsungs days payable outstanding for the most

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Key figures for Samsung and Google follow.

Google Samsung Current Year Prior Year In millons Accounts payable. Cost of goods sold . Current Year W 6,485,039 120,27

Required

1. Compute Samsung’s days’ payable outstanding for the most recent two years.

2. Assuming Samsung is not at risk of damaging its relationships with suppliers, does it prefer days’ payable outstanding to increase or decrease?

3. For the current year, did Samsung or Google take more time to pay its suppliers (based on days’ payable outstanding)?

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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 10:06 AM

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Key figures for Samsung and Google follow. Required 1. Compute Samsungs days payable outstanding for the most

Question:

Google Samsung Current Year Prior Year In millons Accounts payable. Cost of goods sold . Current Year W 6,485,039 120,277,715 $ 3,137 45,583 W 9,083,907 129,290,661

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millions 1 Samsung X current year Days payable outstanding 9083907 129290661 x 3...View the full answer

Fundamental Accounting Principles

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