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I really need help with the receivables turnover ratio. please explain Cola Inc. and Soda Co. are two of the largest and most successful beverage
I really need help with the receivables turnover ratio. please explain
Cola Inc. and Soda Co. 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 (amounts in millions). 2015 Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Cols Inc 2014 2013 $40,319 536,190 $36.944 4,598 3,913 3,241 58 65 61 4,540 3,848 3,180 2015 2014 362,238 548,412 14 251 6,567 4,014 1,814 154 100 5,413 4,714 >, Required: 1. Calculate the receivables turnover ratios and days to collect for Cola Inc and Soda Co. for 2015 and 2014. (Us 365 days in o yoor. Do not round intermediate calculations on Accounts Receivable Turnover Rotio. Round your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio colculation) 2016 2014 Cola Inc Soda Co Cola Inc Soda Co Receivables Turnover Ratio Days to collect Step by Step Solution
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