The Coca-Cola Company's 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 period? What is the average collection period in days?

The Coca-Cola Company's 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 period? What is the average collection period in days?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 12Q: Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales...

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The coca - cala company receivable provide this question solution general accounting

The Coca-Cola Company's 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
period?
What is the average collection period in days?

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