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please just answer problem #1 and fill out the box below. thank you :) + Coca-Cola and PepsiCo are two of the largest and most
please just answer problem #1 and fill out the box below. thank you :)
+ Coca-Cola and PepsiCo 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), Coca-Cola Fiscal Year Ended: Pepsico 2018 2017 2016 2018 2017 2016 Net Sales $11,860 $ 35,410 $ 41,860 $ 64,660 $ 63,525 $262.000 Accounts Receivable Allowance for Doubtful Accounta 3,190 6,150 4,330 7.155 6,835 490 40 470 Accounts Receivable, Net of Allowance 3,400 3,670 3,860 7,140 7,025 6,700 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017 2-a. Which of the companies was quicker to convertits receivables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017? 100 130 135 Complete this question by entering your answers in the tabs below Rea 2 HG 20 Calculate the receivables turnover ratios and days to collect for Coca Cola and PepsiCo for 2018 and 2017 (Use 365 days in a Yor. Do not round intermediate calculations on Accounts Receivable Turnover Ratio Round your final answers to decima Do Useinal rounded wwers from Accounts Receivable Turnover Ratio for Days to collect ratio calculation 2018 2017 Coca Cola PepsiCo Coca-Cola PepsiCo Receivables Tumor Days to come Reg 2 > Step by Step Solution
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