Key figures for Samsung follow.

1. Compute its accounts receivable turnover for the current year.
2. How long does it take on average for Samsung to collect receivables in the current year?
3. In the current year, does Samsung’s accounts receivable turnover under perform or outperform the industry (assumed) average of7?

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One Year Prior W millons Two Years Prior Current Year Accounts receivable, net . Sales .... W 27,695,995 239,575,376 W 24,279,211 201,866,745 W 25,168,026 200,653,482