2018 Analyzing Asset Management Effectiveness Presented below are selected financial data from the The Coca-Cola Company 2018 annual report. Using the ratio definitions from Exhibit 4.6, calculate hand period. Evaluate Coca-Cola's receivable and inventory asset management effectiveness. (amounts in millions) 2017 Balance sheet Accounts receivable (net) $3,396 $3,667 Inventory 2,766 2,655 Income statement Net sales $31,856 $35,410 Cost of goods sold 11,770 13,255 Round all answers to two decimal places. Use rounded turnover answers to compute subsequent period answers. 2017 2018 Accounts receivable turnover 9.69 x 10.44 X Receivable collection period 37.66 x days 34.97 x days Inventory turnover 14.25 x 14.36 x Inventory-on-hand period 25.62 x days 25.42 x days