Keurig Dr Pepper, is a leading worldwide integrated brand owner, bottler, and distributor of nonalcoholic beverages....

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Keurig Dr Pepper, is a leading worldwide integrated brand owner, bottler, and distributor of nonalcoholic beverages. Key brands include Dr Pepper, Snapple, 7-UP, Mott's juices, A&W root beer, Canada Dry ginger ale, Schweppes ginger ale, Hawaiian Punch, and Green Mountain coffee among others, and the innovative Keurig single-serve coffee system. The following represents selected data from recent financial statements of Keurig Dr Pepper (dollars in millions): KEURIG DR PEPPER Consolidated Balance Sheets (partial) (in millions) December 31, 20x3 December 31, 20x2 Assets Current assets: Cash and cash equivalents $ 61 $1,787 Accounts receivable (net of allowances of $2 and $3, respectively) 668 595 Consolidated Statements of Income (partial) For the Year Ended December 31 20x1 20x3 20x2 6,690 $ 6,440 $ 6,282 $ 1,076 $ 847 $ (in millions) Net sales $ Net income 764 The company also reported bad debt expense of $2 million in 20x3, $1 million in 20x2, and $2 million in 20x1. Required: 1. Record the company's write-offs of uncollectible accounts for 20x3. 2. Assuming all sales were on credit, what amount of cash did Keurig Dr Pepper collect from customers in 20x3? 3. Compute the company's net profit margin for the three years presented. Keurig Dr Pepper, is a leading worldwide integrated brand owner, bottler, and distributor of nonalcoholic beverages. Key brands include Dr Pepper, Snapple, 7-UP, Mott's juices, A&W root beer, Canada Dry ginger ale, Schweppes ginger ale, Hawaiian Punch, and Green Mountain coffee among others, and the innovative Keurig single-serve coffee system. The following represents selected data from recent financial statements of Keurig Dr Pepper (dollars in millions): KEURIG DR PEPPER Consolidated Balance Sheets (partial) (in millions) December 31, 20x3 December 31, 20x2 Assets Current assets: Cash and cash equivalents $ 61 $1,787 Accounts receivable (net of allowances of $2 and $3, respectively) 668 595 Consolidated Statements of Income (partial) For the Year Ended December 31 20x1 20x3 20x2 6,690 $ 6,440 $ 6,282 $ 1,076 $ 847 $ (in millions) Net sales $ Net income 764 The company also reported bad debt expense of $2 million in 20x3, $1 million in 20x2, and $2 million in 20x1. Required: 1. Record the company's write-offs of uncollectible accounts for 20x3. 2. Assuming all sales were on credit, what amount of cash did Keurig Dr Pepper collect from customers in 20x3? 3. Compute the company's net profit margin for the three years presented.

Answer rating: 100% (QA)

1 Recording the companys writeoffs of uncollectible accounts for 20x3 To record the writeoffs of unc... View the full answer