Question: Analyzing Asset Management Effectiveness Presented below are selected financial data from The Coca-Cola Company 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate

Analyzing Asset Management Effectiveness Presented below are selected financial data from The Coca-Cola Company 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: accounts receivable turnover, receivable collection period, inventory turnover, and the inventory-on- hand period. (amounts in millions) Balance sheet 2015 2014 Accounts receivable (net) $3,941 $4,466 Inventory 2,9023,100 Income statement Net sales $44,294 $45,998 Cost of goods sold 17,482 17,889 Round all answers to two decimal places. 2015 2014 Accounts receivable turnover 0 Receivable collection period 0 days 0 days Inventory turnover 0 Inventory-on-hand period 0 days 0 days
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
