The following information is taken from the annual report of Coca-Cola Enterprises, Inc.: (amounts in millions) Year 1 Year 2 Net sales $19,058 $19,606 Accounts receivable (net) 1,884 1,802 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 days days How much additional cash flow from operations could Coca-Cola Enterprises 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 Additional cash flow million
The following information is taken from the annual report of Coca-Cola Enterprises, Inc.: (amounts in millions) Year 1 Year 2 Net sales $19,058 $19,606 Accounts receivable (net) 1,884 1,802 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 days days How much additional cash flow from operations could Coca-Cola Enterprises 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 Additional cash flow million
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following information is taken from the annual report of Coca-Cola Enterprises, Inc.:
| (amounts in millions) | Year 1 | Year 2 |
|---|---|---|
| Net sales | $19,058 | $19,606 |
| Accounts receivable (net) | 1,884 | 1,802 |
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 |
|
days |
|
days |
How much additional
Round your final answer to the nearest million dollar.
| Year 2 | ||
|---|---|---|
| Additional cash flow |
|
million |
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