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Calculating the Days' Payable Period The following information is taken from the annual report of The Coca-Cola Company: (amounts in millions) 2018 2017 Net revenue
Calculating the Days' Payable Period The following information is taken from the annual report of The Coca-Cola Company: (amounts in millions) 2018 2017 Net revenue $31,856 $35,410 Cost of goods sold 11,770 13,255 Inventories 2.766 2,655 Accounts payable 2,498 2.288 Using this information, calculate the accounts payable turnover ratio and the days' payable period for 2018 and 2017. Do not round until your final answer. Round all answers to nearest one decimal place. 2018 2017 Accounts payable turnover Days' payable period 0 0 0 0 Is Coca-Cola Enterprises taking longer to pay its accounts payable to its suppliers Do the ratios indicate that the company's credit risk is increasing
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