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PepsiCo, Inc.'s financial statements are presented in Appendix B. Financial statements of The Coca-Cola Companyare presented in Appendix C. Instructions for accessing and using the

PepsiCo, Inc.'s financial statements are presented in Appendix B. Financial statements of The Coca-Cola Companyare presented in Appendix C. Instructions for accessing and using the complete annual reports of PepsiCo and Coca-Cola, including the notes to the financial statements, are also provided in Appendices B and C, respectively. Instructions (a) Based on the information in these financial statements, compute the following 2011 ratios for each company. (Assume all sales are credit sales and that PepsiCo's receivables on its balance sheet are all trade receivables.) 1. Accounts receivable turnover. 2. Average collection period for receivables. (b) What conclusions about managing accounts receivable can you draw from these data

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