Transcribed Image Text
In: AccountingI just need the last section on this one!Analyzing Accounts ReceivableThe following information is...I just need the last section on this one!Analyzing Accounts ReceivableThe following information is taken from the annual report of TheCoca-Cola Company:(amounts in millions)20142015Net sales$45,998$44,294Accounts receivable (net)4,4663,941Calculate the receivable turnover ratio and the receivablecollection period for 2014 and 2015. Round your answer to twodecimal places.20142015Receivable turnover ratioAnswerAnswerReceivable collection periodAnswerdaysAnswerdaysHow much additional cash flow from operations could Coca-Colagenerate in 2015 if it could reduce its receivable collectionperiod to just 30 days?Round your final answer to the nearest million dollar.2015Additional cash flow$Answermillion