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Current year information for Samsung and Google follows. Samsung $ 30,144 197,691 22,966 126,336 7,480 $ millions Accounts receivable, net Net sales Inventory Cost of goods sold Accounts payable Google $ 25,326 161,857 999 71,896 5,561 Required: 1. Compute the cash conversion cycle for both Samsung and Google for the current year. 2. Which company, Samsung or Google, was more effective at managing cash in the current year? Required 1 Required 2 Complete this question by entering your answers in the tabs below. Compute the cash conversion cycle for both Samsung and Google for the current year.

Current year information for Samsung and Google follows. Samsung $ 30,144 197,691 22,966 126,336 7,480 $ millions Accounts receivable, net Net sales Inventory Cost of goods sold Accounts payable Google $ 25,326 161,857 999 71,896 5,561 Required: 1. Compute the cash conversion cycle for both Samsung and Google for the current year. 2. Which company, Samsung or Google, was more effective at managing cash in the current year? Required 1 Required 2 Complete this question by entering your answers in the tabs below. Compute the cash conversion cycle for both Samsung and Google for the current year.

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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Current year information for Samsung and Google follows. $ millions Accounts receivable, net Net sales Inventory Cost of goods sold Accounts payable Samsung $ 30,144 197,691 22,966 126,336 7,480 Google $ 25,326 161,857 Required 1 Required 2 999 71,896 5,561 Required: 1. Compute the cash conversion cycle for both Samsung and Google for the current year. 2. Which company, Samsung or Google, was more effective at managing cash in the current year? Complete this question by entering your answers in the tabs below. Compute the cash conversion cycle for both Samsung and Google for the current year.
Transcribed Image Text:Current year information for Samsung and Google follows. $ millions Accounts receivable, net Net sales Inventory Cost of goods sold Accounts payable Samsung $ 30,144 197,691 22,966 126,336 7,480 Google $ 25,326 161,857 Required 1 Required 2 999 71,896 5,561 Required: 1. Compute the cash conversion cycle for both Samsung and Google for the current year. 2. Which company, Samsung or Google, was more effective at managing cash in the current year? Complete this question by entering your answers in the tabs below. Compute the cash conversion cycle for both Samsung and Google for the current year.
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cash conversion cycle for both Samsung and Google for the current year. Samsung days The cash conversion cycle Required 1 Google Required 2 days Complete this question by entering your answers in the tabs below. Required 2 > Which company, Samsung or Google, was more effective at managing cash in the current year? was more effective at managing cash 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 Compute the cash conversion cycle for both Samsung and Google for the current year. Samsung days The cash conversion cycle Required 1 Google Required 2 days Complete this question by entering your answers in the tabs below. Required 2 > Which company, Samsung or Google, was more effective at managing cash in the current year? was more effective at managing cash in the current year. < Required 1 Required 2 >
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