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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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