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

 Analyzing Asset Management Effectiveness Presented below are selected financial data from

Analyzing Asset Management Effectiveness Presented below are selected financial data from the Coca-Cola Enterprises, Inc., 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) Year 1 Year 2 Balance sheet Accounts receivable (net) $1,884 $1,802 Inventory 763 786 Income statement Net sales Cost of goods sold $18,558 $19,106 11,171 11,585 Round all answers to two decimal places. Year 1 Year 2 0 0 0 days Accounts receivable turnover Receivable collection period Inventory turnover Inventory-on-hand period 0 days 0 0 0 days 0 days Check

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