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I just need the last section on this one! Analyzing Accounts Receivable The following information is taken from the annual report of The Coca-Cola Company:
I just need the last section on this one!
Analyzing Accounts Receivable The following information is taken from the annual report of The Coca-Cola Company:
(amounts in millions) | 2014 | 2015 |
---|---|---|
Net sales | $45,998 | $44,294 |
Accounts receivable (net) | 4,466 | 3,941 |
Calculate the receivable turnover ratio and the receivable collection period for 2014 and 2015. Round your answer to two decimal places.
2014 | 2015 | |||
---|---|---|---|---|
Receivable turnover ratio | Answer
| Answer
| ||
Receivable collection period | Answer
| days | Answer
| days |
How much additional cash flow from operations could Coca-Cola generate in 2015 if it could reduce its receivable collection period to just 30 days? Round your final answer to the nearest million dollar.
2015 | ||
---|---|---|
Additional cash flow | $Answer
| million
|
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