AA 7-2 Comparative Analysis LO A1 Key figures for Apple and Google follow. $ millions Accounts payable Cost of goods sold Days' payable Apple Current Year $ 46,236 161,782 Apple Current Year days Prior Year $ 55,888 163,756 Required: 1. Compute days' payable outstanding for each company for the most recent two years. Note: Do not round intermediate calculations. Round your final answers to 1 decimal place. Use 365 days in a year. Prior Year days Google Current Year $ 5,561 71,896 Google Current Year days Prior Year $4,378 59,549 Prior Year days 2. For the current year, which company took more time to pay its suppliers? O Apple O Google
AA 7-2 Comparative Analysis LO A1 Key figures for Apple and Google follow. $ millions Accounts payable Cost of goods sold Days' payable Apple Current Year $ 46,236 161,782 Apple Current Year days Prior Year $ 55,888 163,756 Required: 1. Compute days' payable outstanding for each company for the most recent two years. Note: Do not round intermediate calculations. Round your final answers to 1 decimal place. Use 365 days in a year. Prior Year days Google Current Year $ 5,561 71,896 Google Current Year days Prior Year $4,378 59,549 Prior Year days 2. For the current year, which company took more time to pay its suppliers? O Apple O Google
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:AA 7-2 Comparative Analysis LO A1
Key figures for Apple and Google follow.
$ millions
Accounts payable
Cost of goods sold
Days payable
Apple
Current Year
$ 46,236
161,782
Apple
Current Year
days
Prior Year
$ 55,888
163,756
Required:
1. Compute days' payable outstanding for each company for the most recent two years.
Note: Do not round intermediate calculations. Round your final answers to 1 decimal place. Use 365 days in a year.
Prior Year
days
Google
Current Year
$ 5,561
71,896
Google
Current Year
days
Prior Year
$4,378
59,549
Prior Year
days
2. For the current year, which company took more time to pay its suppliers?
O Apple
O Google
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