Solution-Compute accounts receivable turnover for the

Compute accounts receivable turnover for the current year

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Reference no: EM13537779

Key information from Nokia, which is a leading global manufacturer of mobile devices and services, follows.

EUR millions	Current Year	Prior Year
Accounts receivable, net*	7,981	9,444
Sales	40,984	50,710

1. Compute the accounts receivable turnover for the current year.

2. How long does it take on average for Nokia to collect receivables?

3. Refer to BTN 9-2. How does Nokia compare to Research In Motion and Apple in terms of its accounts receivable turnover and its collection period?

4. Nokia reports an aging analysis of its receivables, based on due dates, as follows (in EUR millions) as of December 31, 2009. Compute the percent of receivables in each category.

EUR millions	Total Receivables
Current	7,302
Past due 1-30 days	393
Past due 31-180 days	170
More than 180 days	116

Reference no: EM13537779

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Compute accounts receivable turnover for the current year

Reference no: EM13537779

Reference no: EM13537779

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