Presented below are selected financial data from the The Coca-Cola Company 2018 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: receivable turnover, receivable collection period, inventory turnover, and the inventory-on-hand period. Evaluate Coca-Cola's receivable and inventory asset management effectiveness.

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 the following ratios: receivable turnover, receivable collection period, inventory turnover, and the inventory-on-hand period. Evaluate Coca-cola's receivable and inventory asset management effectiveness. (amounts in millions) 2018 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 0 0 Receivable collection period 0 days 0 days Inventory turnover 0 0 Inventory-on-hand period 0 days 0 days