Super-Cola and Popinski 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).
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Super-Cola
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Popinski
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Fiscal Year Ended:
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2012
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2011
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2010
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2012
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2011
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2010
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Net Sales
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$ 35,419
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$ 31,490
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$ 32,444
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$ 58,338
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$ 43,732
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$ 43,751
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Accounts Receivable
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4,488
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3,823
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3,151
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6,477
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4,724
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3,794
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Allowance for Doubtful Accounts
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49
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56
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52
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145
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91
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71
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Accounts Receivable, Net of Allowance
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4,439
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3,767
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3,099
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6,332
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4,633
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3,723
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Required:
Calculate the receivables turnover ratios and days to collect for Super-Cola and Popinski for 2012 and 2011. (Use 365 days in a year. Do not round intermediate calculations on Accounts Receivable Turnover Ratio. Round your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.)