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Comparative figures for Apple and Google follow. $ millions Accounts receivable, net Net sales Current Year $ 22,926 260,174 Apple One Year Prior $ 23,186 265,595 Two Years Prior $ 17,874 229,234 Current Year $ 25,326 161,857 Complete this question by entering your answers in the tabs below. Google One Year Prior $ 20,838 136,819 Required: 1. Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google. 2. Which company more quickly collects its accounts receivable in the current year? Two Years Prior $ 18,336 110,855

Comparative figures for Apple and Google follow. $ millions Accounts receivable, net Net sales Current Year $ 22,926 260,174 Apple One Year Prior $ 23,186 265,595 Two Years Prior $ 17,874 229,234 Current Year $ 25,326 161,857 Complete this question by entering your answers in the tabs below. Google One Year Prior $ 20,838 136,819 Required: 1. Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google. 2. Which company more quickly collects its accounts receivable in the current year? Two Years Prior $ 18,336 110,855

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Comparative figures for Apple and Google follow. $ millions Accounts receivable, net Net sales Current Year $ 22,926 260,174 Required 1 Required 2 Complete this question by entering your answers in the tabs below. a. Apple b. Google Apple One Year Prior $ 23,186 265,595 Required: 1. Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google. 2. Which company more quickly collects its accounts receivable in the current year? Accounts Receivable Turnover Current Year Prior Year times times Two Years Prior $ 17,874 229,234 times times Current Year $ 25,326 161,857 Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google. (Round your answers to 1 decimal place.) < Required 1 Google One Year Prior $ 20,838 136,819 Required 2 > Two Years Prior $18,336 110,855
Transcribed Image Text:Comparative figures for Apple and Google follow. $ millions Accounts receivable, net Net sales Current Year $ 22,926 260,174 Required 1 Required 2 Complete this question by entering your answers in the tabs below. a. Apple b. Google Apple One Year Prior $ 23,186 265,595 Required: 1. Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google. 2. Which company more quickly collects its accounts receivable in the current year? Accounts Receivable Turnover Current Year Prior Year times times Two Years Prior $ 17,874 229,234 times times Current Year $ 25,326 161,857 Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google. (Round your answers to 1 decimal place.) < Required 1 Google One Year Prior $ 20,838 136,819 Required 2 > Two Years Prior $18,336 110,855
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which company more quickly collects its accounts receivable in the current year? Which company more quickly collects its accounts receivable in the current year? < Required 1 Required 2 >
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which company more quickly collects its accounts receivable in the current year? Which company more quickly collects its accounts receivable in the current year? < Required 1 Required 2 >
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