Refer to the financial statements and related notes of the Coca-Cola Company in Appendix A of this
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1. What were the cash and cash equivalents at the end of 2004? What does the company classify as cash equivalents?
2. What were the trade accounts receivable (net) at the end of 2004? At the end of 2003?
3. Assuming that all net operating revenues were net credit sales and that the trade accounts receivable (net) at the end of 2002 were $2,097 million, compute the receivables turnover for 2004 and 2003. What is your evaluation of the difference?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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1 The cash and cash equivalents were 6707 million at the end ...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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