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Comparative figures for apple and google follow

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Reference no: EM132420550

Comparative figures for Apple and Google follow.

Apple Google$ millionsCurrent YearOne Year PriorTwo Years Prior Current YearOne Year PriorTwo Years PriorAccounts receivable, net$17,874 $15,754 $16,849  $18,336 $14,137  $11,556 Net sales 229,234  215,639  233,715   110,855  90,272   74,989 

Required:

1. Compute the accounts receivable turnover for (a) Apple and (b) Google for each of the two most recent years using the data shown.

2. Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and (b) Google.

3. Which company more quickly collects its accounts receivable in the current year?

Reference no: EM132420550

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