Home / Questions / 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 |
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