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The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet. For detailed answer refer to the supporting sheet.
Answer e Part 1) 3 account receivable turnover ratio Apple Google 5 Current Year 13.63 6.83 (229234/((17874+15754)/2)) (110855/((18336+14137)/2)) 7 One Year Prior 13.23 7.03 (215639/((15754+16849)/2)) ((215639/((15754+16849)/2) 0 Formula 1 account receivable turnover ratio 2 = sales / average account reecivables *100 4 Part 2) 5 Caverage collection period Apple Google 7 Current Year 26.77 53.46 (365/13.63) (365/6.83) 9 One Year Prior 27.59 51.94 (365/13.23) (365/7.03) 1 Formula 2 average collection period = 365/ account receivable turnover ratio 4 Part 3) 5. The correct answer is Apple 7 As it average collection period is less than google in the the current year.
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