Comparative figures for Apple and Google follow. $ millions Apple Google Current Year One...
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Accounting
Comparative figures for Apple and Google follow. $ millions
Apple Google Current Year One Year Prior Two Years Prior Current Year One Year Prior Two Years Prior
Accounts receivable, net $ 22,926 $ 23,186 $ 17,874 $ 25,326 $ 20,838 $ 18,336
Net sales 260,174 265,595 229,234 161,857 136,819 110,855
Required: Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google.
Which company more quickly collects its accounts receivable in the current year?
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