Key comparative figures for Apple and Google follow.
Apple Google
Current Current
$ mi...
Business, 21.10.2020 16:01 coolusername1314
Key comparative figures for Apple and Google follow.
Apple Google
Current Current
$ millions Year Prior Year Year Prior Year
Accounts receivable $15,754 $16,849 $14,137 $11,556
Net sales 215,639 233,715 90,272 74,989
Required:
a. Compute days’ sales uncollected for (a) Apple and (b) Google for the current and prior years.
b. Which company had more success collecting receivables?
Answers: 2
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