Key figures for Samsung and Google follow. $ millions Accounts payable Cost of goods sold Days' payable Samsung Current Year $ 7,480 126,336 O Increase O Decrease Required: 1. Compute Samsung's days' payable outstanding 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. Samsung Current Year days Prior Year $ 7,276 113,598 Google Current Year $ 5,561 71,896 Prior Year days 2. Assuming Samsung is not at risk of damaging its relationship with suppliers, does it prefer days' payable outstanding to increase or decrease? 3. For the current year, did Samsung or Google take more time to pay its suppliers (based on days' payable outstanding) Samsung O Google
Key figures for Samsung and Google follow. $ millions Accounts payable Cost of goods sold Days' payable Samsung Current Year $ 7,480 126,336 O Increase O Decrease Required: 1. Compute Samsung's days' payable outstanding 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. Samsung Current Year days Prior Year $ 7,276 113,598 Google Current Year $ 5,561 71,896 Prior Year days 2. Assuming Samsung is not at risk of damaging its relationship with suppliers, does it prefer days' payable outstanding to increase or decrease? 3. For the current year, did Samsung or Google take more time to pay its suppliers (based on days' payable outstanding) Samsung O Google
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help me.
Thankyou.
Transcribed Image Text:Key figures for Samsung and Google follow.
$ millions
Accounts payable
Cost of goods sold
Days' payable
Samsung
Current Year
$ 7,480
126,336
O Increase
O Decrease
Required:
1. Compute Samsung's days' payable outstanding 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.
Samsung
Current Year
days
Prior Year
$ 7,276
113,598
Google
Current Year
$ 5,561
71,896
Prior Year
days
2. Assuming Samsung is not at risk of damaging its relationship with suppliers, does it prefer days' payable outstanding to increase
or decrease?
3. For the current year, did Samsung or Google take more time to pay its suppliers (based on days' payable outstanding)
O Samsung
O Google
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 3 steps with 3 images
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