Question

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In millions except per share data) 2019 2018 2017 S 37,266 14,619 22,647 12,103 34,300 $ 13,067 21,233 11,002 1,079 9,152 689 950 36,212 13,721 22,491 12,834 1,902 7,755 458 10,086 563 679 946 853 1,049 Year Ended December 31, Net Operating Revenues Cost of goods sold Gross Profit Selling, general and administrative expenses Other operating charges Operating Income Interest income Interest expense Equity income (loss) — net Other income (loss) — net Income Before Income Taxes Income taxes Consolidated Net Income Less: Net income (loss) attributable to noncontrolling interests Net Income Attributable to Shareowners of The Coca-Cola Company Basic Net Income Per Sharel Diluted Net Income Per Sharel Average Shares Outstanding Basic Effect of dilutive securities Average Shares Outstanding — Diluted 34 1,008 (1,674) 8,225 10,786 1,072 (1,763) 6,890 5,607 1,283 1,749 1,801 8,985 65 6,476 42 6,434 $ 35 S 8,920 S 1,248 S 2.09 S 1.51 S 0.29 S 2.07 1.50 $ 0.29 4,276 4,259 40 4,272 52 38 4,314 4,299 4,324 Calculated based on net income attributable to shareowners of The Coca-Cola Company. Refer to Notes to Consolidated Financial Statements.

Questions: What was the $value of gross trade receivables for 2019 and 2018?

What was the receivables turnover for 2019?

Compute the changes in cash, cash equivalents and receivables from 2018 to 2019.

Please indicate the sheet the answer same from than you so much.

Answer 1

Answer (1)

Calculation of Gross Trade Receivables for 2018:

Gross Trade Receivables = Trade Receivables + Allowance

                                          =$3,685 + $501

                                           =$4,186

Calculation of Gross Trade Receivables for 2019:

Gross Trade Receivables = Trade Receivables + Allowance

                                          =$3,971 + $524

                                           =$4,495

Answer (2)

Accounts Receivables Turnover = Net Credit Sales / Average Accounts Receivables

Average Accounts Receivables= Beginning Accounts Receivables + Ending Accounts Receivables

                                                                                                        2

                                             =$3,685 +$3,971

                                                                2   

                                                    =$3,828

Accounts Receivables Turnover =$37,266 / $3,828 = 9.74 times

Answer (3)

Calculation of change in Cash, Cash Equivalents and Receivables from 2018 to 2019:

Change in Cash, Cash Equivalents = $6,480 - $9,077= $(2,597)

Change in Receivables = $3,971 - $3,685 = $286