Following are the average accounts receivable and net sales reported recently by two large beverage companies $($dollar amounts are stated in millions$).$

Average Accounts

Receivable Net Sales

Molson Coors Brewing Co$.$ $ $691$ $ $11,003$

Anheuser$-$Busch InBev $6,45956,444$

a$.$ Compute the acconts receivable turnover rate for each company.

b$.$ Compute the average number of days that it takes for each company to collect its accounts receivable.

c$.$ Based upon your computations in the above requirements, which company's accounts receivable appear to be most liquid?

Answer rating: 100% (QA)

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