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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 famounts in millions). Piscal Year Ended: Coca-Cola 2018 Net Sales 2017 2016 2018 $ 31,860 $ 35,410 Accounts Receivable $.41.460 $ 64,660 Allowance for Doubtful Accounts 3,890 4,150 4.330 7.240 490 480 470 100 Accounts Receivable, Net of Allowance 3,400 3,670 3,860 7,140 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 convert its receivables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017 Pepaico 2017 363.525 7.155 130 7.025 2016 562.400 6.835 135 6,700 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017. (Use 365 days in year. Do not round intermediate calculations on Accounts Receivable Turnover Ratio, Round your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.) 2018 Coca-Cola 2017 Coca-Cola Pepsice PepsiCo Receivables Tumover Ratio Days to collect RA Cart My Home G Proformance Spor 5 ework Problems - REQ'D Seved Help 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 famounts in millions). 7.240 Coca-Cola Fiscal Year Ended: 2018 2017 2016 2018 Net Sales $ 31,860 $ 35,410 5.41,860 5.64.660 Accounts Receivable 3,890 4,150 Allowance for Doubtful Accounts 480 100 Accounts Receivable, Set of Allowance 3.400 3.670 7,140 Required: I 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 quicket to convert its receivables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017? PepsiCo 2017 $ 63.525 7. 155 130 7,025 4, JJO 490 3,860 490 2016 $ 62,00 6.835 135 6.700 Complete this question by entering your answers in the tabs below. 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 famounts in millions). Piscal Year Ended: Coca-Cola 2018 Net Sales 2017 2016 2018 $ 31,860 $ 35,410 Accounts Receivable $.41.460 $ 64,660 Allowance for Doubtful Accounts 3,890 4,150 4.330 7.240 490 480 470 100 Accounts Receivable, Net of Allowance 3,400 3,670 3,860 7,140 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 convert its receivables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017 Pepaico 2017 363.525 7.155 130 7.025 2016 562.400 6.835 135 6,700 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017. (Use 365 days in year. Do not round intermediate calculations on Accounts Receivable Turnover Ratio, Round your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.) 2018 Coca-Cola 2017 Coca-Cola Pepsice PepsiCo Receivables Tumover Ratio Days to collect RA Cart My Home G Proformance Spor 5 ework Problems - REQ'D Seved Help 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 famounts in millions). 7.240 Coca-Cola Fiscal Year Ended: 2018 2017 2016 2018 Net Sales $ 31,860 $ 35,410 5.41,860 5.64.660 Accounts Receivable 3,890 4,150 Allowance for Doubtful Accounts 480 100 Accounts Receivable, Set of Allowance 3.400 3.670 7,140 Required: I 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 quicket to convert its receivables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017? PepsiCo 2017 $ 63.525 7. 155 130 7,025 4, JJO 490 3,860 490 2016 $ 62,00 6.835 135 6.700 Complete this question by entering your answers in the tabs below