Response to the following problem:
Key comparative figures for Research In Motion and Apple follow.
Research In Motion Apple
Current Prior Current Prior
($ millions) Year Year Year Year
Accounts receivable . . . . . . . . . $ 2,594 $ 2,112 $ 3,361 $ 2,422
Net sales . . . . . . . . . . . . . . . . . . 14,953 11,065 42,905 37,491
Required:
Compute days' sales uncollected for these companies for each of the two years shown. Comment on any trends for the companies. Which company has the largest percent change in days' sales uncollected?