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Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products th
2. Which of the companies is quicker to convert its receivables into cash? Soda Co. Cola Inc.
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Answer #1
Calculation of receivable turnover & days to collect
Receivable turnover = net sale/average receivable
days to collect = 365/receivable turnover
2015 2014
Cola inc soda inc Cola inc soda inc
net sales 30819 52948 26190 38732
average accounts receivable 4013 5392.5 3343 4088
receivable turnover ratio 7.7 9.8 7.8 9.5
Days to collect 365/7.7 365/9.8 365/7.8 365/9.5
Days to collect 47.4 days 37.17 days 46.59 days 38.52 days
average accounts receivable = beginning balance+ending balance/2
2) soda co

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