COCACOLA CONSOLIDATED, INC.

CONSOLIDATED BALANCE SHEETS

$($in thousands, except share data$)$ December $31,2023$ December $31,2022$

ASSETS

Current Assets:

Cash and cash equivalents $ $635,269$ $ $197,648$

Accounts receivable, trade $555,933532,047$

Allowance for doubtful accounts $(16,060)(16,119)$

Accounts receivable from The Coca$-$Cola Company $51,93635,786$

Accounts receivable, other $67,53354,631$

Inventories $321,932347,545$

Prepaid expenses and other current assets $88,58594,263$

Total current assets $1,705,1281,245,801$

Consolidated Balance Sheet

PepsiCo, Inc. and Subsidiaries

December $30,2023$ and December $31,2022$

$($in millions except per share amounts$)$

$20232022$

ASSETS

Current Assets

Cash and cash equivalents

$ $9,711$ $ $4,954$

Short$-$term investments

$292394$

Accounts and notes receivable, net

$11,82510,163$

Inventories

Raw materials and packaging $2,3882,366$

Work$-$in$-$process $104114$

Finished goods $2,8422,742$

$5,3345,222$

Prepaid expenses and other current assets $798806$

Total Current Assets

$26,95021,539$

Note $15$ Supplemental Financial Information

Balance Sheet

$202320222021$

Accounts and notes receivable $($a$)$

Trade receivables $ $9,510$ $ $8,192$

Other receivables $2,3152,121$

Total $11,82510,313$

Allowance, beginning of year $250147$ $ $201$

Net amounts charged to expense $($b$)$

$5521(19)$

Deductions $($c$)$

$(26)(12)(25)$

Other $($d$)$

$(4)(6)(10)$

Allowance, end of year $275150$ $ $147$

Accounts and notes receivable, net $ $10,815$ $ $10,163$

Above is Coca Cola Consolidated followed by Pepsi $($and Pepsi's Footnote #$15,$ which breaks down the Accounts Receivables and Notes Recivable into the two pieces for Pepsi.

It seems as though the way it's presented Pepsi shows both the Accounts Recivables $($$ owed to it from sales$)$ and Notes Recievables $($opposite of accounts payable$)$ as it Coca Cola seems to have lent $ to another entirty and they are now owed money upon which an entity is paying them interest.

Note that Pepsi reports both the A$/$R and the Notes Recivable in the amount to $$11,825,000,000($that$\text{'}$s almost $12$ billion$)$ and is shown as $$11,825$

However, of the $$11,825,$ Pepsi's trade accounts receivables are $$9\mathrm{.}510$ of which an allowance is booked against the accounts receivables.

In $2023,$ what percentage of its trade accounts receivables does Pepsi's management estimate may go bad and not be collected?

Round your answer to one decimal place. An answer of $8\mathrm{.}97\%$ is simply $9\mathrm{.}0$