Question: AA 7-3 Global Analysis LO C1, A1 Key figures for Samsung follow. w millions Accounts receivable, net Sales Current Year W 27,695,995 239,575,376 One Year
AA 7-3 Global Analysis LO C1, A1 Key figures for Samsung follow. w millions Accounts receivable, net Sales Current Year W 27,695,995 239,575,376 One Year Por W 24,279,211 201,866,745 Two Years Prior 25, 168,026 200, 653,482 Required: 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 underperform or outperform the industry (assumed) average of 7? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How long does it take on average for Samsung to collect receivables in the current year? (Use 365 days a year. Round your answer to 1 decimal place.) Average collection period 39.6 > days Required 1 Required 3 >
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