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Analyzing Asset Management Effectiveness Presented below are selected financial data from the Coca-Cola Enterprises, Inc., annual report. Using the ratio definitions from Exhibit 4.6, calculate
Analyzing Asset Management Effectiveness Presented below are selected financial data from the Coca-Cola Enterprises, Inc., annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: accounts receivable turnover, receivable collection period, inventory turnover, and the inventory-on-hand period. (amounts in millions) Year 1 Year 2 Balance sheet Accounts receivable (net) $1,884 $1,802 Inventory 763 786 Income statement Net sales Cost of goods sold $18,558 $19,106 11,171 11,585 Round all answers to two decimal places. Year 1 Year 2 0 0 0 days Accounts receivable turnover Receivable collection period Inventory turnover Inventory-on-hand period 0 days 0 0 0 days 0 days Check
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