Current year information for Samsung and Google follows. Required 1. Compute the cash conversion cycle for both

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Current year information for Samsung and Google follows.

Required

1. Compute the cash conversion cycle for both Samsung and Google for the current year.
2. Which company, Samsung or Google, was more effective at managing cash in the current year?

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Oct 28, 2021 02:52 AM

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Current year information for Samsung and Google follows. Required 1. Compute the cash conversion cycle for both

Question:

$ millions Samsung Google Accounts receivable, net ... $ 30,144 $ 25,326 Net sales 197,691 161,857 Inventory...... 22,966 999 Cost of goods sold . 126,336 71,896 Accounts payable.... 7,480 5,561

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1 Samsung Google 2 Google Google was more effective at managing cash in the current y...View the full answer

Fundamental Accounting Principles

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