Go to the book’s companion website and use the information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc.

  (a) What were the cash and cash equivalents reported by Coca-Cola and PepsiCo at the end of 2011 What does each company classify as cash equivalents?

  (b) What were the accounts receivable (net) for Coca-Cola and PepsiCo at the end of 2011? Which company reports the greater allowance for doubtful accounts (amount and percentage of gross receivable) at the end of 2011?
  (c) Assuming that all “net operating revenues” (Coca-Cola) and all “net sales” (PepsiCo) were net credit sales, compute the accounts receivable turnover for 2011 for Coca-Cola and PepsiCo; also compute the days outstanding for receivables. What is your evaluation of the difference?