Comparative figures for Apple and Google follow.

	Apple										Google
$ millions	Current Year			One Year Prior			Two Years Prior				Current Year			One Year Prior			Two Years Prior
Accounts receivable, net	$	17,874		$	15,754		$	16,849			$	18,336		$	14,137			$	11,556
Net sales		229,234			215,639			233,715				110,855			90,272				74,989

Required: 1. Compute the accounts receivable turnover for (a) Apple and (b) Google for each of the two most recent years using the data shown. 2. Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and (b) Google. 3. Which company more quickly collects its accounts receivable in the current year?

Compute the accounts receivable turnover for (a) Apple and (b) Google for each of the two most recent years using the data shown. (Round your answers to 1 decimal place.)

		Accounts Receivable Turnover
		Current Year		Prior Year
a.	Apple		times		times
b.	Google		times		times

Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and (b) Google. (Use 365 days a year. Round your answers to 1 decimal place.)

		Average Collection Period
		Current Year		Prior Year
a.	Apple		days		days
b.	Google		days		days