Homework Answers
i. Accounts receivable turnover for Dell will be as follows:
= Sales / Accounts receivable
= $ 61,101,000 / $ 8,543,000
= 7.15 Approximately
Accounts receivable turnover for Apple will be as follows:
= Sales / Accounts receivable
= $ 42,905,000 / $ 5,057,000
= 8.48 Approximately
ii. Apple has an easy credit policy for customers since its accounts receivables turnover is higher
iii. Inventory turnover ratio of Dell will be as follows:
= Cost of goods sold / Inventory
= $ 50,144,000 / $ 1,051,000
= 47.71 Approximately
Inventory turnover ratio of Apple will be as follows:
= Cost of goods sold / Inventory
= $ 25,683,000 / $ 455,000
= 56.45 Approximately
iv. Company Dell will have weak inventory management since its inventory turnover ratio is lower than the company's Apple inventory turnover ratio.
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Dell 2009 Apple 2009 HP 2009 Current assets Accounts receivable $24.245.000 $31.555.000 $52,539,000 8.543.000 Cash 5...
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