FSA 7-2 Comparative Analysis LO A1, P2 Comparative figures for Apple and Google follow. $ millions Accounts receivable, net Net sales Current Year $ 23, 186 265,595 Required 1 Apple One Year Prior $ 17,874 229,234 Required 2 Two Years Prior $15,754 215,639 Complete this question by entering your answers in the tabs below. 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? Current Year $ 20,838 136,8191 Google One Year Prior $18,336 110,855 Two Years Prior $ 14,137 90,272

FSA 7-2 Comparative Analysis LO A1, P2 Comparative figures for Apple and Google follow. $ millions Accounts receivable, net Net sales Current Year $ 23, 186 265,595 Required 1 Apple One Year Prior $ 17,874 229,234 Required 2 Two Years Prior $15,754 215,639 Complete this question by entering your answers in the tabs below. 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? Current Year $ 20,838 136,8191 Google One Year Prior $18,336 110,855 Two Years Prior $ 14,137 90,272

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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Exercise 7-22 (Algo) Accounts receivable turnover LO A1 The following information is from the annual financial statements of Raheem Company. Year 2 $ 142,000 40,900 Net sales Accounts receivable, net (year-end) Year 3 $ 211,000 43,100 Year 1 $ 197,000 37,600 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 7.5, is Raheem performing better or worse at collecting receivable
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