Question: help on the ones i got wrong Ched PA8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and 8-4) Days to Collect [LO Coca-Cola and
Ched PA8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and 8-4) Days to Collect [LO Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the products that they 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) Coca-Cola Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2815 2014 2015 'li 2014 2013 544,300 $46,600 $46,80 $63,100 $66,700 $66,40 13 4,290 4800 4,930 6,570 6,840 7,150 150 6,440 6,700 7,e00 350 330 60 130 140 3,940 4,470 4,870 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2015 and 2014. (Use 365 days in o year Do not round intermediate calculations on Accounts Receivable Turnover Ratio. Round your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Rotio for Days to Collect ratio calculation.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
