Popinski are two of the largest and most successful beverage

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Reference no: EM13925603

Super-Cola and Popinski 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	2010
Net 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	3,794
Allowance for Doubtful Accounts	49	56	52	145	91	71

Accounts Receivable, Net of Allowance	4,439	3,767	3,099	6,332	4,633	3,723

Required:

Calculate the receivables turnover ratios and days to collect for Super-Cola and Popinski for 2012 and 2011. (Use 365 days in a year. Do not round intermediate calculations on Accounts Receivable Turnover Ratio. Round your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.)

Reference no: EM13925603

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