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Presented below are selected financial data from the Coca-Cola Enterprises, Inc., annual report. Using the...

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Accounting

Presented below are selected financial data from the Coca-Cola Enterprises, Inc., annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: accounts receivable turnover, receivable collection period, inventory turnover, and the inventory-on-hand period.

(amounts in millions) Year 1 Year 2
Balance sheet
Accounts receivable (net) $1,884 $1,802
Inventory 763 786
Income statement
Net sales $18,358 $18,906
Cost of goods sold 10,971 11,385

Round all answers to two decimal places.

Year 1 Year 2
Accounts receivable turnover
Receivable collection period days days
Inventory turnover
Inventory-on-hand period days days

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