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Analyzing Asset Management Effectiveness Presented below are selected financial data from

Analyzing Asset Management Effectiveness Presented below are selected financial data from

Analyzing Asset Management Effectiveness
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 $18,158 $18,706
Cost of goods sold 10,771 11,185


Round all answers to two decimal places.

  Year 1   Year 2  
Accounts receivable turnover Answer   Answer  
Receivable collection period Answer days Answer days
Inventory turnover Answer   Answer  
Inventory-on-hand period Answer days Answer
Abhinav 02-Dec-2019

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