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Business, 04.07.2020 21:01 Juliianatafur22

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). Super-Cola Popinski Fiscal Year Ended: 2012 2011 2010 2012 2011 2010Net Sales $35,419 $31,490 $32,444 $58,338 $43,732 $43,751 Accounts Receivable 4,488 3,823 3,151 6,477 4,724 3,794Allowance for Doubtful Accounts 49 56 52 145 91 71 Accounts Receivable, Net of Allowance 4,439 3,767 3,099 6,332 4,633 3,723Required:Calculate the receivables turnover ratios and days to collect for Super-Cola and Popinski for 2012 and 2011.

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