Current year information for Samsung and Google follows. Samsung $ 30,144 197,691 22,966 126,336 7,480 $ millions Accounts receivable, net Net sales Inventory Cost of goods sold Accounts payable Google $ 25,326 161,857 999 71,896 5,561 Required: 1. Compute the cash conversion cycle for both Samsung and Google for the current year. 2. Which company, Samsung or Google, was more effective at managing cash in the current year? Required 1 Required 2 Complete this question by entering your answers in the tabs below. Compute the cash conversion cycle for both Samsung and Google for the current year.
Current year information for Samsung and Google follows. Samsung $ 30,144 197,691 22,966 126,336 7,480 $ millions Accounts receivable, net Net sales Inventory Cost of goods sold Accounts payable Google $ 25,326 161,857 999 71,896 5,561 Required: 1. Compute the cash conversion cycle for both Samsung and Google for the current year. 2. Which company, Samsung or Google, was more effective at managing cash in the current year? Required 1 Required 2 Complete this question by entering your answers in the tabs below. Compute the cash conversion cycle for both Samsung and Google for the current year.
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.5C
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![Current year information for Samsung and Google follows.
$ millions
Accounts receivable, net
Net sales
Inventory
Cost of goods sold
Accounts payable
Samsung
$ 30,144
197,691
22,966
126,336
7,480
Google
$ 25,326
161,857
Required 1 Required 2
999
71,896
5,561
Required:
1. Compute the cash conversion cycle for both Samsung and Google for the current year.
2. Which company, Samsung or Google, was more effective at managing cash in the current year?
Complete this question by entering your answers in the tabs below.
Compute the cash conversion cycle for both Samsung and Google for the current year.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2edba1ae-cd07-4963-9dc8-2a6a9d4ff547%2F5210c985-6672-4791-880f-b24205eb381b%2Fnxlt6er_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Current year information for Samsung and Google follows.
$ millions
Accounts receivable, net
Net sales
Inventory
Cost of goods sold
Accounts payable
Samsung
$ 30,144
197,691
22,966
126,336
7,480
Google
$ 25,326
161,857
Required 1 Required 2
999
71,896
5,561
Required:
1. Compute the cash conversion cycle for both Samsung and Google for the current year.
2. Which company, Samsung or Google, was more effective at managing cash in the current year?
Complete this question by entering your answers in the tabs below.
Compute the cash conversion cycle for both Samsung and Google for the current year.
![Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute the cash conversion cycle for both Samsung and Google for the current year.
Samsung
days
The cash conversion cycle
Required 1
Google
Required 2
days
Complete this question by entering your answers in the tabs below.
Required 2 >
Which company, Samsung or Google, was more effective at managing cash in the current year?
was more effective at managing cash in the current year.
< Required 1
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2edba1ae-cd07-4963-9dc8-2a6a9d4ff547%2F5210c985-6672-4791-880f-b24205eb381b%2F1dfg9b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute the cash conversion cycle for both Samsung and Google for the current year.
Samsung
days
The cash conversion cycle
Required 1
Google
Required 2
days
Complete this question by entering your answers in the tabs below.
Required 2 >
Which company, Samsung or Google, was more effective at managing cash in the current year?
was more effective at managing cash in the current year.
< Required 1
Required 2 >
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Step 1: Introduction
VIEWStep 2: Working Note #1:- Calculation of days' sales outstanding
VIEWStep 3: Working Note #2:- Calculation of days' inventory outstanding
VIEWStep 4: Working Note #3:- Calculation of days' payable outstanding
VIEWStep 5: Working Note #4:- Calculation of cash conversion cycle
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