Presented below are selected financial data from the Coca-Cola Enterprises, Inc., annual report. Using the...
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Accounting
Presented below are selected financial data from the Coca-Cola Enterprises, Inc., annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: accounts receivable turnover, receivable collection period, inventory turnover, and the inventory-on-hand period.
(amounts in millions)
Year 1
Year 2
Balance sheet
Accounts receivable (net)
$1,884
$1,802
Inventory
763
786
Income statement
Net sales
$18,358
$18,906
Cost of goods sold
10,971
11,385
Round all answers to two decimal places.
Year 1
Year 2
Accounts receivable turnover
Receivable collection period
days
days
Inventory turnover
Inventory-on-hand period
days
days
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