09 Aug Compute and compare the accounts receivable turnover ratios for Coca-Cola and Walmart. Indicate all
Compute and compare the accounts receivable turnover ratios for Coca-Cola and Walmart. Indicate all numbers you used to calculate the ratio.
What constitutes a "reasonable" accounts receivable turnover ratio? What characteristic(s) of these companies would indicate that these ratios are reasonable?
Back up your answers with facts and cite websites and text references used.
Why might Coca-Cola and Walmart sell their receivables?
Coca-Cola
Visit the Coca-Cola website. You will need to find the financial information and the annual reports.
At the site, click your mouse on "Company" (bottom of the page).
Then, locate "Investors" at the top of the page, and choose “Filings and Reports.”
Under the title "Filings and Reports," select "Annual Filings (10K)."
Choose the 2020 annual report. Note in the Discussion Board which year's information you used. You will need to scroll through the annual report to find the information you need to answer the questions. Remember what you learned in Accounting I about financial statements to help you find what you need.
Walmart
Go to the Walmart website. Remember what you earned in Accounting I about financial statements to help you find what you need.
Scroll to the bottom of the Walmart homepage.
Under the "Get to know us" column, select the link "Our Company."
Select the link "Investors," and on the drop-down menu select “Financial Information.”
Then select the "Annual Reports and Proxies" under the Quick Links area.
Finally, select the "2020 Annual Report" PDF link.
Respond using the information from the website visits. Take the time to review the responses of your classmates and provide your feedback.
References
The Coca-Cola Company. (n.d.). https://us.coca-cola.com
Walmart. (n.d.). https://www.walmart.com
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