Following are the average accounts receivable and net sales reported recently by two large beverage companies (dollar amounts are stated in millions). Molson Coors Brewing Co. Anheuser-Busch InBev Average Accounts Receivable Net Sales 691 6,459 a. Compute the accounts receivable turnover rate for each company. b. Compute the average number of days that it takes for each company to collect its accounts receivable. c. Based upon your computations in the above requirements, which company's accounts receivable appear to be most liquid? Complete this question by entering your answers in the table below. Molson Coors Anheuser-Busch InBev $11,003 56,444 Required A Required B Required C Compute the accounts receivable turnover rate for each company. (Round your answers to 2 decimal places.) Accounts Receivable Turnover Rate 11.16 times 7.97 times Required A Required B >

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is