For the fiscal years 2009 and 2010, Apple Co. reported the following:
$\text { Year Ended December 31,}$
$\begin{array}{lll}2010&2009\
\$ 34,124,961 & \$ 44,123,486 & \text { Net Sales } \
719,365 & 749,321 & \text { Accounts Receivable }
\end{array}$ a. Compute the accounts receivable turnover for 2010.
b. Compute the number of days' sales in receivable at the end of 2010.

Question

For the fiscal years 2009 and 2010, Apple Co. reported the following:
 $\text { Year Ended December 31,}$
$\begin{array}{lll}2010&2009\
\$ 34,124,961 & \$ 44,123,486 & \text { Net Sales } \
719,365 & 749,321 & \text { Accounts Receivable }
\end{array}$ a. Compute the accounts receivable turnover for 2010.
b. Compute the number of days' sales in receivable at the end of 2010.

Quizplus · Accepted Answer

The Answer of For the fiscal years 2009 and 2010, Apple Co. reported the following:
 $\text { Year Ended December 31,}$
$\begin{array}{lll}2010&2009\
\$ 34,124,961 & \$ 44,123,486 & \text { Net Sales } \
719,365 & 749,321 & \text { Accounts Receivable }
\end{array}$ a. Compute the accounts receivable turnover for 2010.
b. Compute the number of days' sales in receivable at the end of 2010.

For the Fiscal Years 2009 and 2010, Apple Co Year Ended December 31,\text { Year Ended December 31,} Year Ended December 31,

For the Fiscal Years 2009 and 2010, Apple Co $\text { Year Ended December 31,}$