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Presented below are selected financial data from the Coca-Cola Enterprises, Inc., annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: accounts
Presented below are selected financial data from the Coca-Cola Enterprises, Inc., annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: accounts receivable turnover, receivable collection period, inventory turnover, and the inventory-on-hand period.
(amounts in millions) | Year 1 | Year 2 |
---|---|---|
Balance sheet | ||
Accounts receivable (net) | $1,884 | $1,802 |
Inventory | 763 | 786 |
Income statement | ||
Net sales | $18,358 | $18,906 |
Cost of goods sold | 10,971 | 11,385 |
Round all answers to two decimal places.
Year 1 | Year 2 | |||
---|---|---|---|---|
Accounts receivable turnover | ||||
Receivable collection period | days | days | ||
Inventory turnover | ||||
Inventory-on-hand period | days | days |
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