Question: Accounting practice problem 2 2 Samsung Google In millions Current Year Prior Year Current Year Accounts payable # 9,083,907 W 6, 485, 039 # 3,

Accounting practice problem 2

Accounting practice problem 2 2 Samsung Google In millions Current Year Prior

2 Samsung Google In millions Current Year Prior Year Current Year Accounts payable # 9,083,907 W 6, 485, 039 # 3, 137 Cost of goods sold 129, 290, 661 120, 277, 715 45 , 583 5 points Required: 1. Compute Samsung's days' payable outstanding for the most recent two years. (Do not round intermediate calcul your final answers to 1 decimal place. Use 365 days in a year.) eBook References Samsung Current Year Prior Year Days' payable days days 2. Assuming Samsung is not at risk of damaging its relationship with suppliers, does it prefer days' payable outstand decrease? Increase Decrease 3. For the current year, did Samsung or Google take more time to pay its suppliers (based on days' payable outstand Samsung Google Mc Graw

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