Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in
Question:
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).
Required:
1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2015 and 2014. (Round to one decimal place.)
2. Which of the companies is quicker to convert its receivables into cash?
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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