Presented below are selected financial data from the The Coca-Cola Company 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: receivable turnover, receivable collection period, inventory turnover, and the inventory-on-hand period. Evaluate Coca-Cola’s receivable and inventory asset management effectiveness.

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(amounts in millions) Balance sheet Accounts receivable (net)... Inventory... Income statement Net sales Cost of goods sold 2015 2014 $ 3,941 2,902 $ 4,466 3,100 $44,294 $45,998 17,482 17,889