In: Accounting
showing your work, use the 2018-2019 10k from apple and microsoft to calculate the average days to collect as well as inventory turnover ratio.
file:///C:/Users/chase/Downloads/Apple%2010-K%20for%202018.pdf
file:///C:/Users/chase/Downloads/Microsoft%2010-K%20for%202019.pdf
Apple | 2019 | 2018 | |||
average days to collect | 365/accounts receivable turnover ratio | 365/11.28 | 32 | 365/11.45 | 32 |
accounts receivable turnover ratio | total net sales/average accounts receivables | 260174/23056 | 11.28 | 265595/23186 | 11.45 |
average accounts receivables | (22926+23186)/2 | 23056 | 23186 | ||
Inventory turnover ratio | cost of sales/average inventory | 161782/4031 | 40.13 | 163756/3956 | 41.39 |
average inventory | (4106+3956)/2 | 4031 | 3956 | ||
Microsoft | 2019 | 2018 | |||
average days to collect | 365/accounts receivable turnover ratio | 365/4.49 | 81 | 365/5.17 | 71 |
accounts receivable turnover ratio | total net sales/average accounts receivables | 125843/28002.5 | 4.49 | 110360/26481 | 4.17 |
average accounts receivables | (29524+26481)/2 | 28002.5 | 23056 | 26481 | |
Inventory turnover ratio | cost of sales/average inventory | 42910/2362.5 | 18.16 | 38353/2662 | 14.41 |
average inventory | (2063+2662)/2 | 2362.5 | 2662 |