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Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the products that they sell and

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Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports famounts in millions) Fiscal Year Ended Coca-Cola Pepsico 2018 2017 2016 2018 2017 2016 tlet Sales $ 31,660 $ 35,410 5.41,860 $ 64,660 $ 63,525 $.62,800 Accounts Receivable 3,090 4,150 7,240 Allowance for Doubtful Accounts 4,30 7,155 6,835 470 100 135 Accounts Receivable, Net of Allowance 3.100 3,670 3,860 7.140 7.025 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017 2-a. Which of the companies was quicker to convert its receivables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017? 490 480 130 6.200 Complete this question by entering your answers in the tabs below. Reg 1 Red 2A Reg 28 Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017. (Use 365 days in a year. Do not round Intermediate calculations on Accounts Receivable Turnover Ratio. Round your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to collect ratio calculation 2018 2017 Coca Cola PepsiCo Coca Cola PepsiCo Receivables Tumovat Ratio Days to collect Req2A > C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office As part of the arrangement, CSM agreed on February 28, 2021, to advance Jeff $50,000 on a one year, 8 percent note, with interest to be paid at maturity on February 28, 2022. CSM prepares financial statements on June 30 and December 31 Required: Prepare the journal entries that CSM will make (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to whole dollar amount) 1. When the note is established 2. To record the interest accruals at each quarter-end and interest payments at each payment date 3. to record the principal payment at the maturity date. View transaction list Journal entry worksheet

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