Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. coca-cola and pepsico are two of the largest and m

Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the...

80.2K

Verified Solution

Question

Accounting

imageimage

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 information assumed to have been reported in their 2017, 2016, and 2015 annual reports (amounts in millions). Coca-Cola PepsiCo Fiscal Year Ended: Net Sales 2017 $32,544 3,171 68 2016 $37,857 3,393 69 2015 $25,388 2,780 76 2017 $49,751 3,914 83 3,831 2016 $44,674 3,800 82 2015 $36,437 3,277 77 Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 3,103 3,324 2,704 3,718 3,200 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2017 and 2016. (Consider a 365 days a year. Round your intermediate answers and final answers to 1 decimal place.) 2017 Receivables turnover ratio Days to collect Coca-Cola times days PepsiCo times days 2016 Receivables turnover ratio Days to collect Coca-Cola times days PepsiCo times days 2. Which of the companies is quicker to convert its receivables into cash? Coca-Cola PepsiCo

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Drug discovery and development involves a number of distinct stages each having a defined aim and...

Biology
Q

A random variable is normally distributed. It has a mean of 245 and a standard deviation...

Basic Math
Q

16 To draw maximum current from a combination of cells how should the 2 points...

Physics
Q

ow dy X and aw dy 22 at the point w x y z 147...

Geometry
Q

y is proportional to x y is 24 when x 6 X y 6 24...

Basic Math
Q

Jared thinks it would be wise to save for his newly born son's college fund....

Basic Math
Q

3 4 cm ekil 3 ekil 1 ekil 2 Kenar uzunlu u 5a cm olan...

Basic Math
Q

Score 0 16 1 16 answered Work 2 1 2 2 2 7 except 2...

Statistics
Q

To graph the function f we plot the points x f x To graph f...

Calculus
Q

Corresponde a CLO 1(a) West Coast Corporation tena 800,000 acciones ordinarias en circulacin el 1...

Accounting
Q

lguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 4...

Accounting
Q

18/The primary purpose of the Malcolm Baldrige National Quality Award is which one of the...

Finance