Solution-Compute the accounts receivable turnover for

Compute the accounts receivable turnover for research

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Reference no: EM13537775

Comparative figures for Research In Motion and Apple follow.

	Research In Motion			Apple
($ millions)	Current Year	One Year Prior	Two Years Prior	Current Year	One Year Prior	Two Years Prior
Accounts
receivable, net	$2,594	$2,112	$1,175	$3,361	$2,422	$1,637
Net sales	14,953	11,065	6,009	42,905	37,491	24,578

Required

1. Compute the accounts receivable turnover for Research In Motion and Apple for each of the two most recent years using the data shown.

2. Using results from part 1, compute how many days it takes each company, on average, to collect receivables. Compare the collection periods for RIM and Apple, and suggest at least one explanation for the difference.

3. Which company is more efficient in collecting its accounts receivable? Explain.

Reference no: EM13537775

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Compute the accounts receivable turnover for research

Reference no: EM13537775

Reference no: EM13537775

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