Question: The Coca-Cola Companys receivables turnover ratio was 9.90 in 2006, and its average amount of net receivables during the period was $2,434 million. What is

The Coca-Cola Company’s receivables turnover ratio was 9.90 in 2006, and its average amount of net receivables during the period was $2,434 million. What is the amount of its net credit sales for the period? What is the average collection period in days?

Step by Step Solution

★★★★★

3.30 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Net credit sales for ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

112-B-A-C-R (898).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

In its 2009 annual report, The Coca Cola Company reported sales of $30.99 billion for fiscal year 2009 and $31.94 billion for fiscal year 2008. The company also reported operating income (roughly...

The Coca-Cola Companys receivables turnover ratio was 9.05 in 2009, and its average amount of net receivables during the period was $3,424 million. What is the amount of its net credit sales for the...

What recommendations would you make to the Coca Cola Company to help it with its media planning and usage? You must make at least 3 recommendations.

The Coca-Cola Company's receivables turnover ratio was 10.31 in 2004, and its average amount of net receivables during the period was $2,131 million. What is the amount of its net credit sales for...

The Coca-Cola Company's receivables turnover ratio was 10.68 in 2001, and its average amount of gross receivables during the period was $1,880 million. What is the amount of its net credit sales for...

The Coca-Cola Companys accounts receivable turnover was 9.05 in 2011, and its average amount of net receivables during the period was $3,424 million. What is the amount of its net credit sales for...

The Coca-Cola Company's accounts receivable turnover was 9.05 in 2014, and its average amount of net receivables during the period was $3,424 million. What is the amount of its net credit sales for...

The Coca-Cola Company's accounts receivable turnover was 9.05 in 2011, and its average amount of net receivables during the period was $3,424 million. What is the amount of its net credit sales for...

O-15e Coca-Cola Company's accounts receivable turnover was 9. 05 in 2014, and its average amount of net receivables during the period was $\$ 3,424$ million. What is the amount of its net credit...

Accounting Issues Jane is concerned about the accounting treatments of four transactions that are new this year and appears to have contributed to the significant effect in net income. Given that you...

Equations and are approximations of the magnitude of the electric field of an electric dipole, at points along the dipole axis. Consider a point P on that axis at distance z = 5.00d from the dipole...

2. Comment (ethical or unethical) on the following computations of the auditor's professional fee. Explain briefly. a. 10% of the client's tax adjustment b. 10% of the client's audited net income c....

If a consumer is not required to pay a monetary price for each cookie she consumes, the consumer will stop eating cookies when (A) the total utility from eating cookies is equal to zero. (B) the...

36. Run charts differ from control charts because they: a. use the y-axis to measure time sequence. b. do not have statistical control limits to monitor variation. c. use specification limits rather...

The budget committee of Guzman Company collects the following data for its Westwood Store in preparing budgeted income statements for July and August 2010. 1. Expected sales: July $400,000, August...

Lanier Corporation operates on a calendar-year basis. It begins the annual budgeting process in late August when the president establishes targets for the total dollar sales and net income before...

1. 2. 3 What is the net present value of the following cash flows if the relevant discount rate is 7 bercent? $3,248.87 $2,861.62 $3,574.61 $2,311.92 A project has the following cash flows. What is...

The sample regression model is used to make inferences about an unobserved population with the following regression function (estimated through OLS): Yi = b0 + b1 Xi + ei where i = 1, 2, ..., n a....

can you give me a counter example when f : R 2 R that satisfies the hypothesis but does not satisfy the conclusion Consider the converse proposition of (6.1) given below: If 05\") is a convex set for...