Comparative figures for Apple and Google follow. millions Accounts receivable, net Net sales Current Year $ 28,184 394,328 Apple One Year Prior $ 26,278 365,817 Two Years Prior $ 16,120 274,515 $ 40,258 282,836 Current Year Google One Year Prior $ 39,304 257,637 Two Years Prior $ 30,930 182,527 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google. Note: Round your answers to 1 decimal place. Accounts Receivable Turnover Company Current Year Prior Year a. Apple b. Google 14.5 times times times times Required 2 >

Comparative figures for Apple and Google follow. millions Accounts receivable, net Net sales Current Year $ 28,184 394,328 Apple One Year Prior $ 26,278 365,817 Two Years Prior $ 16,120 274,515 $ 40,258 282,836 Current Year Google One Year Prior $ 39,304 257,637 Two Years Prior $ 30,930 182,527 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the accounts receivable turnover for the two most recent years for (a) Apple and (b) Google. Note: Round your answers to 1 decimal place. Accounts Receivable Turnover Company Current Year Prior Year a. Apple b. Google 14.5 times times times times Required 2 >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Solvency and Profitability Trend Analysis (Graph Picture from A-D is on the buttom for references) Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $273,406 $367,976 $631,176 $884,000 $800,000 Interest expense 616,047 572,003 528,165 495,000 440,000 Income tax expense 31,749 53,560 106,720 160,000 200,000 Total assets (ending balance) 4,417,178 4,124,350 3,732,443 3,338,500 2,750,000 Total stockholders’ equity (ending balance) 3,706,557 3,433,152 3,065,176 2,434,000 1,550,000 Average total assets 4,270,764 3,928,396 3,535,472 3,044,250 2,475,000 Average total stockholders' equity 3,569,855 3,249,164 2,749,588 1,992,000 1,150,000 You have been asked to evaluate…
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Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $273,406 $367,976 $631,176 $884,000 $800,000 Interest expense 616,047 572,003 528,165 495,000 440,000 Income tax expense 31,749 53,560 106,720 160,000 200,000 Total assets (ending balance) 4,417,178 4,124,350 3,732,443 3,338,500 2,750,000 Total stockholders’ equity (ending balance) 3,706,557 3,433,152 3,065,176 2,434,000 1,550,000 Average total assets 4,270,764 3,928,396 3,535,472 3,044,250 2,475,000 Average total stockholders' equity 3,569,855 3,249,164 2,749,588 1,992,000 1,150,000 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years: 20Y4–20Y8 Return on total assets 28%…
Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $273,406 $367,976 $631,176 $884,000 $800,000 Interest expense 616,047 572,003 528,165 495,000 440,000 Income tax expense 31,749 53,560 106,720 160,000 200,000 Total assets (ending balance) 4,417,178 4,124,350 3,732,443 3,338,500 2,750,000 Total stockholders’ equity (ending balance) 3,706,557 3,433,152 3,065,176 2,434,000 1,550,000 Average total assets 4,270,764 3,928,396 3,535,472 3,044,250 2,475,000 Average total stockholders' equity 3,569,855 3,249,164 2,749,588 1,992,000 1,150,000 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years: 20Y4–20Y8 Return on total assets 28%…
How do I calculate times interest earned for from this? (in millions) 2016 2015 Revenue Product $61,502 $75,956 Service 23,818 17,624 Total revenue 85,320 93,580 Cost of revenue Product 17,880 21,410 Service and other 14,900 11,628 Total cost of revenue 32,780 33,038 Gross margin 52,540 60,542 Research and development 11,988 12,046 Sales and marketing 14,697 15,713 General and administrative 4,563 4,611 Impairment, integration, and restructuring 1,110 10,011 Operating income 20,182 18,161 Dividends and interest income 903 766 Interest expense (1,243) (781) Other income (expense), net (91) 361 Income before taxes 19,751 18,507 Provision for income taxes 2,953 6,314 Net income $16,798 $ 12,193
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