Question: Comparative figures for Apple and Google follow. Apple One Year Two Years Google One Year Two Years Prior Current Current Year $ 18, 336 110,
Comparative figures for Apple and Google follow. Apple One Year Two Years Google One Year Two Years Prior Current Current Year $ 18, 336 110, 855 $ millions Accounts receivable, net Net sales Year $ 17,874 229, 234 Prior Prior Prior $11, 556 74, 989 $ 15, 754 215, 639 $ 16, 849 233, 715 $14, 137 90, 272 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? Complete this question by entering your answers in the tabs below
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