Question

Review the most recent annual reports of The Coca-Cola Company and PepsiCo focusing on the balance sheet and footnote invento

0 0
Add a comment Improve this question Transcribed image text
Answer #1

INVENTORY TURNOVER RATIO = COST OF GOODS SOLD / AVG. INVENTORY

AVERAGE DAYS IN INVENTORY = 365/ INVENTORY TURNOVER RATIO

COMPUTATION OF INVENTORY TURN OVER RATIO OF COCA COLA

Particulars

2018

2017

Cost of goods sold

$11770

$13255

Average Inventory

$2710.5

$2665

Inventory turnover ratio

4.3424

4.9737

COMPUTATION OF AVERAGE DAYS IN INVENTORY OF COCA COLA

Particulars

2018

2019

No of days

365

365

Inventory turnover ratio

4.3424

4.9737

Average days in Inventory

84.0549

73.3860

COMPUTATION OF INVENTORY TURN OVER RATIO OF PEPSICO

Particulars

2018

2017

Cost of goods sold

$29381

$28796

Average Inventory

$3037.5

$2835

Inventory turnover ratio

9.6727

10.1573

COMPUTATION OF AVERAGE DAYS IN INVENTORY OF PEPSICO

Particulars

2018

2019

No of days

365

365

Inventory turnover ratio

9.6727

10.1573

Average days in Inventory

37.7350

35.9347

Add a comment
Know the answer?
Add Answer to:
Review the most recent annual reports of The Coca-Cola Company and PepsiCo focusing on the balance...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the pr...

    Coca-Cola and PepsiCo 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). Coca-Cola Fiscal Year Ended: 2015 2014 2013 Net Sales $44,300 $46,000 $46,800 Accounts Receivable 4,290 4800 4,930 Allowance for Doubtful Accounts 350 330 60 Accounts Receivable, Net of Allowance...

  • Expand Your Critical Thinking 9-3 The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the w...

    Expand Your Critical Thinking 9-3 The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Suppose selected data from recent consolidated financial statements for The Coca-Cola Company and for PepsiCo, Inc. are presented here (in millions). Total current assets Total current liabilities Net sales Cost of goods sold Net income Average (net) accounts receivable for the year Average inventories for the year Average total assets Average common stockholders' equity Average current liabilities Average total liabilities Total...

  • The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Suppose selected...

    The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Suppose selected data from recent consolidated financial statements for The Coca-Cola Company and for PepsiCo, Inc. are presented here (in millions). Coca-Cola PepsiCo Total current assets $17,551 $12,571 Total current liabilities 13,721 8,756 Net sales 30,990 43,232 Cost of goods sold 11,088 20,099 Net income 6,824 5,946 Average (net) accounts receivable for the year 3,424 4,654 Average inventories for the year 2,271 2,570 Average total assets...

  • The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in...

    The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. a. What were Coca-Cola's and PepsiCo's net revenues (sales) for the year 2017? Which company increased its revenue more (dollars and percentage) from 2016 to 2017? b. Are the revenue recognition policies of...

  • Expand Your Critical Thinking 9-3 (Part Level Submission) The Coca-Cola Company and PepsiCo, Inc. provide refreshments...

    Expand Your Critical Thinking 9-3 (Part Level Submission) The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Suppose selected data from recent consolidated financial statements for The Coca-Cola Company and for PepsiCo, Inc. are presented here (in millions). Coca-Cola PepsiCo Total current assets $17,551 $12,571 Total current liabilities 13,721 8,756 Net sales 30,990 43,232 Cost of goods sold 11,088 20,099 Net income 6,824 5,946 Average (net) accounts receivable for the year 3,424 4,654 Average inventories...

  • Kimmel, Accounting, 7e Help System Announcements Expand Your Critical Thinking 13-04 The Coca-Cola Company and PepsiCo,...

    Kimmel, Accounting, 7e Help System Announcements Expand Your Critical Thinking 13-04 The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the worl IP itical itical 13-01 13-02 13-04 13-05 13-06 13-07 Coca-Cola PepsiCo $16,451 $11,771 12,921 8,256 29,090 40,632 10,388 18,899 6,424 5,546 3,224 4,354 2,171 2,370 35,621 13,656 12,555 8,272 20,660 22,066 45,771 37,448 22,472 21,644 1,920 2,000 335373 7,686 6,396 1,873 2,028 Total current assets Total current liabilities Net sales Cost of goods sold Net...

  • Comparative Analysis Case The Coca-Cola Company and PepsiCo., Inc. Instructions Go to the book's companion website...

    Comparative Analysis Case The Coca-Cola Company and PepsiCo., Inc. Instructions Go to the book's companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc. a) What amount is reported in the balance sheets as property, plant, and equipment (net) of Coca-Cola at December 31, 2011, and of PepsiCo at December 31, 2011? What percentage of total assets is invested in property, plant, and equipment by each company? (b) What depreciation...

  • Select a public company and locate their most recent annual report. Review the financial statements and...

    Select a public company and locate their most recent annual report. Review the financial statements and related footnotes and answer the following questions. ( Use Apple company 10 k- 2019) How does your company value its inventories (i.e., which inventory costing method(s) do they use)? If your company reports its inventories in multiple line items, what are they? (Look at both Balance Sheet and Footnotes for this information.) What is your company’s Inventory Turnover and Average Days to Sell Inventory?

  • The Coca Cola Company hardly needs an introduction A line taken from the cover of a recent annual...

    The Coca Cola Company hardly needs an introduction A line taken from the cover of a recent annual report says t all if you measured time in servings of Coca-Cola "a biltion Coca-Cola's apo was yesterday morning" On average bottlers. These bottlers then sell the finished bottles and cans of Coca Cola to the consumer every U.S. citizen drinks 363 8-ounce servings of Coca-Cola products each year. Coca Colas primary line of business is the making and selling of syrup...

  • Comparative Analysis Case The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo...

    Comparative Analysis Case The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. a. What kind of pension plans do Coca-Cola and PepsiCo provide their employees? b. What net periodic pension expense (cost) did Coca-Cola and PepsiCo report in 2017? c. What is...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT