Cola Inc. and Soda Co. 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). Cola Inc. Soda Co. Fiscal Year Ended: 2015 2014 2013 2015 2014 2013 Net Sales $ 32,219 $ 27,690 $ 28,944 $ 54,838 $ 40,232 $ 40,251 Accounts Receivable 4,418 3,753 3,081 6,407 4,654 3,724 Allowance for Doubtful Accounts 42 49 45 138 84 64 Accounts Receivable, Net of Allowance 4,376 3,704 3,036 6,269 4,570 3,660 Required: Calculate the receivables turnover ratios and days to collect for Cola Inc. and Soda Co. for 2015 and 2014.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is the most accurate method for preventing adverse effects associated with the use of digoxin?
Answers (1)
The net present value of a customer's business over the span of their relationship with an organization is referred to as lifetime value. a) relationship selling. b) sales 2.0. c) market value. d) equalized value."
Answers (1)
Jane Co.'s checkbook currently has a balance of $295.10. The bank statement shows a balance of $205.10. The statement revealed interest income of $10.03 along with check charges of $2.95. Jane recorded a $200 check as $150.
Answers (1)
Swedish researchers investigated the relationship between chocolate consumption and stroke. the researchers gave a questionnaire about eating habits to a randomly selected sample of swedish men.
Answers (2)
Joe sells the house he has lived in for 10 years to the Smith family for $300,000. He receives $50,000 more than his original purchase price 10 years ago. Joe pays his real estate agent a 5% sales commission. This transaction will increase GDP by:
Answers (1)
New Questions in Business
When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this may be considered a red flag for
Answers (1)
Critical analysis Q8 When actual output exceeds an economy's full-employment output, how will the self-correcting mechanism direct the economy to long-run equilibrium? Prices will increase causing production costs, which will reduce aggregate supply.
Answers (1)
The marginal product of any input is thea. increase in total cost associated with a one-unit increase in production. b. change in total output associated with a $1.00 increase in total cost. c.
Answers (1)
SnowBlowers, Inc. is targeting consumers in the northern regions of the United States and focusing on giving consumers practical and functional reasons to buy its snowblowers. What type of ad is SnowBlowers, Inc. using?
Answers (1)
Having a video that skips or looks grainy is an example of O A. not enough media O B. too much media O C. bad media O D. irrelevant media
Answers (2)