Accounts Receivable Turnover The following data (in millions) were adapted from recent financial statements of Apple...

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Accounts Receivable Turnover The following data (in millions) were adapted from recent financial statements of Apple Inc. (AAPL). Sales Operating income Average net accounts receivable Year 2 Year 1 $260,174 $265,595 63,930 23,056 70,898 20,530 1. Compute the accounts receivable turnover for Years 1 and 2. Itound to one decimal place. Accounts Receivable Turnover Year 2 Year 1 2. Compute days' sales in receivables for Years 1 and 2. Assume there are 365 days in a year, and round to nearest day. Number of Days' Sales Year 2 Year 1 in Receivables days days 3. Compute the return on sales for Years 1 and 2. Round to one decimal place. Year 2 Year 1 Return on Sales % % 4. Apple's accounts receivable turnover in Year 2 has change. Apple's return on sales in Year 2 has ( Check My Work 1 more Check My Work uses remaining. This is slightly. Days' sales in receivables has change. This is Previous Next Accounts Receivable Turnover The following data (in millions) were adapted from recent financial statements of Apple Inc. (AAPL). Sales Operating income Average net accounts receivable Year 2 Year 1 $260,174 $265,595 63,930 23,056 70,898 20,530 1. Compute the accounts receivable turnover for Years 1 and 2. Itound to one decimal place. Accounts Receivable Turnover Year 2 Year 1 2. Compute days' sales in receivables for Years 1 and 2. Assume there are 365 days in a year, and round to nearest day. Number of Days' Sales Year 2 Year 1 in Receivables days days 3. Compute the return on sales for Years 1 and 2. Round to one decimal place. Year 2 Year 1 Return on Sales % % 4. Apple's accounts receivable turnover in Year 2 has change. Apple's return on sales in Year 2 has ( Check My Work 1 more Check My Work uses remaining. This is slightly. Days' sales in receivables has change. This is Previous Next