calculate the accounts recievable turnover and days sales in receivables for both companies for 2016 and 2017. write a paragraph comparing 2016 with 2017 and coke with pepsi using these two ratios to indicate the effectiveness of their accounts recievable collection. which of the two seems to be doing a better job with receivables? how does this collecetion process affect the overall success of the company? show your work

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS December 31 (In millions except par value) 2017 2016 ASSETS CURRENT ASSETS Cash and cash equivalents Short-term investments 6,006 8,555 9352 9,595 TOTAL CASH, CASH EQUIVALENTS AND SHORI-TERM INVESTMENTS 15,358 18,150 Marketable securities 5,317 3,667 2,655 2,000 4,051 3,856 2675 2,481 2797 Trade accounts receivable, less allowances of $477 and $466, respectively Inventories Prepaid expenses and other assets Assets held for sale 219 Assets held for sale-discontinued operations 7,329 TOTAL CURRENT ASSETS 34,010 36,545 EQUITY METHOD INVESTMENTS 20,856 1096 4,560 8,203 16,260 OTHER INVESTMENTS 989 OTHER ASSETS PROPERTY, PLANT AND EQUIPMENT-net TRADEMARKS WIIH INDEFINITE LIVES BOTILERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES 4,248 10,635 6,729 6,097 3,676 10,629 726 138 GOODWILL 9,401 368 OTHER INTANGIBLE ASSETS TOTAL ASSETS LIABILITIES AND EQUITY $87,896 87,270 CURRENT LIABILITIES Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt $ 8748 9,490 13,205 12,498 3,527 3,298 Accrued income taxes 410 307 Liabilities held for sale Liabilities held for sale-discontinued operations TOTAL CURRENT LIABILITIES 37 710 1,496 27,194 31,182 8,021 2,522 26,532 LONG-TERM DEBT OTHER LIABILITIES 29,684 4,081 3,753 DEFERRED INCOME TAXES THE COCA-COLA COMPANY SHAREOWNERS EQUITY Common stock, $0.25 par value; Authorized-11,200 shares; Issued-7,040 and 7,040 shares, respectively Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost -2,781 and 2,752 shares, respectively 1,760 15864 60,430 (10,305) (50,677) 1,760 14,993 65,502 (11,205) (47,988) EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY 23,062 17,072 EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 1,905 158 18,977 23,220 S 87,896 87,270 THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME Year Ended December 31, (In millions except per share data) 2017 2016 2015 $35,410 $41,863 $44,294 16,465 25,398 NET OPERATING REVENUES Cost of goods sold GROSS PROFIT 17,482 26,812 13,256 22,154 16,427 1,657 12,496 15,262 Selling, general and administrative expenses Other operating charges OPERATING INCOME 1,510 8,626 2,157 7,501 8,728 642 Interest income 677 613 733 856 Interest expense 841 1,071 835 489 Equity income (loss)-net Other income (loss)-net INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes from continuing operations NET INCOME FROM CONTINUING OPERATIONS Income from discontinued operations (net of income taxes of $47, $0 and $0, respectively) CONSOLIDATED NET INCOME Less: Net income attributable to noncontrolling interests NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY (1,234) 8,136 (1,666) 6,742 631 9,605 1,586 6,550 5,560 1,182 2,239 7,366 101 1,283 6,550 7,366 23 15 35 $ 6,527 $ 7,351 $ 1,248 Basic net income per share from continuing operations Basic net income per share from discontinued operations BASIC NET INCOME PER SHARE Diluted net income per share from continuing operations Diluted net income per share from discontinued operations DILUTED NET INCOME PER SHARE AVERAGE SHARES OUTSTANDING-BASIC Effect of dilutive securities AVERAGE SHARES OUTSTANDING-DILUTED $ 1.51 $ 1.69 0.28 0.02 $ 1.51 $ 1.49 S 0.29 1.69 0.27 1.67 0.02 $ 1.49 4,317 $ 0.29 1.67 4272 4,352 50 52 53 4,324 4,367 4,405 Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015 (in millions except per share amounts) 2017 2016 2015 $ 63,525 $ 62,799 63,056 Net Revenue Cost of sales 28,785 28,209 28,731 Gross profit Selling, general and administrative expenses Venezuela impairment charges 34,740 34,590 34,325 24,231 24,805 24,613 1,359 9,785 Operating Profit Interest expense 8,353 10,509 (1,151) 244 (970) (1,342) Interest income and other 110 8,553 59 Income before income taxes 9,602 7,442 Provision for income taxes (Sce Note 5) 4,694 4,908 2,174 1,941 Net income 6,379 5,501 Less: Net income attributable to noncontrolling interests Net Income Attributable to PepsiCo Net Income Attributable to PepsiCo per Common Share 51 50 49 4,857 $ 6,329 $ 5,452 Basic $ 3.40 $ 4.39 3.71 Diluted $ 3.38 $ 4.36 3.67 Weighted-average common shares outstanding Basic 1,425 1,439 1,469 Diluted 1,438 1,452 1,485 Cash dividends declared per common share $ 3.1675 $ 2.96 2.7625 Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 30, 2017 and December 31, 2016 (in millions except per share amounts) 2016 2017 ASSETS Current Assets 9,158 Cash and cash equivalents 10,610 S 8900 Short-term investments 6,967 7,024 Accounts and notes receivable, net 6,694 Inventories 2,947 2723 Prepaid expenses and other current assets 1,546 908 26,450 Total Current Assets 31,027 Property, Plant and Equipment, net 17,240 16,591 Amortizable Intangible Assets, net 1,268 1,237 Goodwill 14744 14430 Other nonamortizable intangible assets 12,570 12,196 27,314 Nonamortizable Intangible Assets 26,626 Investments in Noncontrolled Affiliates 2,042 1,950 Other Assets 913 636 79,804 73,490 Total Assets LIABILITIES AND EQUITY Current Liabilities Short-term debt obligations Accounts payable and other current liabilities Total Current Liabilities 5,485 6,892 15,017 14,243 20,502 21,135 Long.Term Debt Obligations 33,796 30,053 Other Liabilities 11,283 6,669 Deferred Income Taxes 3,242 4,434 68,823 Total Liabilities 62,291 Commitments and contingencies Preferred Stock, no par value Repurchased Preferred Stock 41 41 (197) (192) PepsiCo Common Shareholders Equity Common stock, par value 1se per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,420 and 1,428 shares, respectively) Capital in excess of par value Retained eamings 24 24 3,996 4,091 52,839 52,518 Accumulated other comprehensive loss Repurchased common stock, in excess of par value (446 and 438 shares, respectively) Total PepsiCo Common Shareholders' Equity Noncontrolling interests Total Equity (13,057) (13,919) (32,757) (31,468) 11,045 11,246 92 104 11,199 73,490 10,981 Total Liabilities and Equity 79,804 $