Do not give image format Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the products that theysell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following roundedamounts reported in their annual reports (amounts in millions).Fiscal Year Ended:Net SalesAccounts ReceivableAllowance for Doubtful AccountsAccounts Receivable, Net of AllowanceReq 12018$ 31,8603,8904903,400Req 2ACoca-Cola2017Complete this question by entering your answers in the tabs below.Req 2B$ 35,4104,1504803,670Required:1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017.2-a. Which of the companies was quicker to convert its receivables into cash in 2018?2-b. Which of the companies was quicker to convert its receivables into cash in 2017?2016$ 41,8604,3304703,8602018$ 64,6607,2401007,140PepsiCo2017$ 63,5257,1551307,025Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017. (Use 365 days in ayear. Do not round intermediate calculations on Accounts Receivable Turnover Ratio. Round your final answers to 1 decimalplace. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.)2016$ 62,8006,8351356,700 Complete this question by entering your answers in the tabs below.Req 1Req 2AReq 2BCalculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017. (Use 365 days in ayear. Do not round intermediate calculations on Accounts Receivable Turnover Ratio. Round your final answers to 1 decimalplace. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.)Receivables Turnover RatioDays to collectCoca-Cola2018PepsiCo< Req 1Coca-Cola2017PepsiCoReq 2A >

The account receivables turnover ratio tells about the efficiency of the business to convert its…

Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the products that they sell 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). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2018 $ 31,860 3,890 490 3,400 Coca-Cola 2017 $ 35,410 4,150 480 3,670 2016 $ 41,860 4,330 470 3,860 Complete this question by entering your answers in the tabs below. 2018 $ 64,660 7,240 100 7,140 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017. 2-a. Which of the companies was quicker to convert its receivables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017? PepsiCo 2017 $ 63,525 7,155 130 7,025 2016 $ 62,800 6,835 135 6,700

Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the products that they sell 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). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2018 $ 31,860 3,890 490 3,400 Coca-Cola 2017 $ 35,410 4,150 480 3,670 2016 $ 41,860 4,330 470 3,860 Complete this question by entering your answers in the tabs below. 2018 $ 64,660 7,240 100 7,140 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017. 2-a. Which of the companies was quicker to convert its receivables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017? PepsiCo 2017 $ 63,525 7,155 130 7,025 2016 $ 62,800 6,835 135 6,700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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