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HW Problem 7.4-Given the following information, A) calculate each company's receivables turnover for for the most recent year, B) which company collects its receivables most
HW Problem 7.4-Given the following information, A) calculate each company's receivables turnover for for the most recent year, B) which company collects its receivables most quickly? C) print the Excel formulas (CNTRL~). Kraft (millions $) Year Year Year Ending Ending Ending Ending Ending 12/31/X2 12/31/X1 12/31/X2 12/31X1 5/30/X2 Kellogg (millions $) Gen Mills (millions $) Year Year Year Ending 5/30/X1 Net Sales 49,207 38,754 12,397 12,575 14,880 14,636 Cost of Sales 31,305 24,819 7,108 7,184 8.927 8,835 Inventory 5,310 3,775 1,056 910 1,609 1,344 Accounts Receivable (Net) 6,539 5,197 1,190 1,093 1,162 1,042 Total Assets 95,289 66,714 11,847 11,200 18,675 17,679
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