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
Problem 1Q
Related questions
Question
Unc.3
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education