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Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2014 and 2015. Show all work. Thanks. PA8-5 Analyzing Allowance for
Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2014 and 2015. Show all work. Thanks.
PA8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect /LO 8-4] Coca-Cola and PepsiCo are two of the largest and most successful beverage compenies in the world in terms of the products that they sell and their receivables management practices. To evaluate ther ability to collect on credit sales. consider the following rounded amounts reported in their annual reports (amounts in millions). Fiscal Year Endeds Net Sales 44 2ee 346 800 546809 563 109 566 700 566,469 4802 6,579 6,840 Allowante for Doubtfel Accounts Accounts Receivable, Net of Allosance 3.940 4, 4,87 6,440 ,700 Required 1. Calculate the recevables turnover ratios and days to collect for Coca-Cola anc PepsiCo ier 2015 and 2014 (Use 365 day, year. Do not round intermediate colculetions on Accounts Receiveble Turnover Retio. Round your finel enswers to 1 decimal place Use finel rounded answers from Accounts Receivable Turnover Ratio for Days to Collect rotio celculationJ Pre 12f N>Step by Step Solution
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