Analyzing Accounts Receivable The following information is taken from the annual report of The Coca-Cola Company: (amounts in millions) Year 1 Net sales Accounts receivable (net) Year 2 $45,998 $44,294 4,466 3,941 Calculate the receivable turnover ratio and the receivable collection period for Year 1 and Year 2. Round your answer to two decimal places. Year 1 Year 2 Receivable turnover ratio Receivable collection period Additional cash flow $ 10.3 ✓ 35.44 days How much additional cash flow from operations could Coca-Cola generate in Year 2 if it could reduce its receivable collection period to just 30 days? Round your final answer to the nearest million dollar. Year 2 11.24 ✓ 32.47✔ days 0 x million

Analyzing Accounts Receivable The following information is taken from the annual report of The Coca-Cola Company: (amounts in millions) Year 1 Net sales Accounts receivable (net) Year 2 $45,998 $44,294 4,466 3,941 Calculate the receivable turnover ratio and the receivable collection period for Year 1 and Year 2. Round your answer to two decimal places. Year 1 Year 2 Receivable turnover ratio Receivable collection period Additional cash flow $ 10.3 ✓ 35.44 days How much additional cash flow from operations could Coca-Cola generate in Year 2 if it could reduce its receivable collection period to just 30 days? Round your final answer to the nearest million dollar. Year 2 11.24 ✓ 32.47✔ days 0 x million

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Description: Analyzing Accounts ReceivableThe following information is taken from the annual report of The Coca-Cola Company:(amounts in millions) Year 1 Year 2Net sales$45,998 $44,294Accounts receivable (net)4,466 3,941Calculate the receivable turnover ratio an

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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