Question
PepsiCo, Inc. is a world leader in convenient snacks, foods, and beverages. The following are PepsiCo's financial statements as presented in its 2013 annual report.
PepsiCo, Inc.is a world leader in convenient snacks, foods, and beverages. The following are PepsiCo's financial statements as presented in its 2013 annual report. To access PepsiCo's complete annual report, including notes to the financial statements, follow these steps:
1.Go tohttp://www.pepsico.com.2.Select Annual Reports and Proxy Information under the Investors tab.
3.Select the 2013 Annual Report.
4.The Notes to Consolidated Financial Statements begin on page 73.
The Coca-Cola Companyis a global leader in the beverage industry. It offers hundreds of brands, including soft drinks, fruit juices, sports drinks and other beverages in more than 200 countries. The following are Coca-Cola's financial statements as presented in its 2013 annual report. To access Coca-Cola's complete annual report, including notes to the financial statements, follow these steps:
1.Go tohttp://www.coca-colacompany.com.2.Select the Investors link near the bottom of the page, and then select Financial Reports & Information.
3.Select the 2013 Annual Report on Form 10-K.
4.The Notes to Consolidated Financial Statements begin on page 79.
(a)
Based on the information in these financial statements, compute the following 2013 ratios for each company. (Assume all sales are credit sales and that PepsiCo's receivables on its balance sheet are all trade receivables.)(Round answers to 1 decimal place, e.g. 52.5. Use 365 days for calculation.)
PepsiCo Coca-Cola
Accounts receivable turnover
TIMES TIMES
Average collection period for receivables
DAYS DAYS
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