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

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Accounting

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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 Coca-Cola 2015 2014 2013 $44,300 $46,000 $46,899 4,290 4800 4,930 350 330 60 3,940 4,470 4,870 PepsiCo 2015 2014 2013 $63,100 $66,700 $66,400 6,570 6,840 7,150 130 140 150 6,440 6,700 7,000 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2015 and 2014. (Use 365 days in a year. Do not round intermediate calculations on Accounts Receivable Turnover Ratio. Round your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.) 2015 Coca-Cola PepsiCo 2014 Coca-Cola PepsiCo Receivables Turnover Ratio Days to collect

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