Go to the Form 10-K of Coca-Cola and calculate the receivables turnover ratio. Then you need to go to the annual report

[answerhappygod]

Go to the Form 10-K of Coca-Cola and calculate the receivables turnover ratio. Then you need to go to the annual report of Wal-Mart (aka Walmart) and calculate its receivables turnover ratio. I’ve attached the Form 10-K of Coca-Cola and the annual report of Walmart below so you won’t have to take the time to find the right reports yourself. Calculate the receivables turnover ratio as follows:
Net credit sales ÷ Average Net Accounts Receivable = Accounts Turnover Ratio
Most likely you won’t find net credit sales and will just have to use credit sales, net operating revenues (Coca-Cola Form 10-K 12-31-2020, page 64) or even net sales (Walmart 1-31-2021 Annual Report, page 54).
Most likely you won’t find net accounts receivable and will have to use accounts receivables or “trade accounts receivables less allowances” (Coca-Cola Form 10-K 12-31-2020, page 66) or “Receivables, net” (Walmart 1-31-2021 Annual Report, page 56).
Make sure that you use average net accounts receivables (or trade receivables). How do we get average net accounts receivable? Find the net accounts receivable total for the end of the most recent year, and add it to the net accounts receivable total for the previous year, and then divide by two.
56 of 97 Walmart Inc. Consolidated Statements of Income Ants in millions, except per share datas Revenue Not sales Membership and other income Total revenues Cests and expenses: Cost of sales Operating, welling, general and administrative expenses Operating income Interest: Deb Interest income Interest, net Other (gains) and losses tacome before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart Net income per common share Basic net income per common share amibutable to Walman Diluted net income per common share attributable to Walmart Weighted average common shares outstanding Basic Dilated Dividends declared per common share See accompanying not 54 S $ 2021 Fiscal Years Ended January 31, 2020 519,906 S 4,018 $23,964 394,605 108,791 20.568 2.262 337 (189) 2410 (1958) 20.116 555.233 1,918 599,151 420,315 116,288 22.548 1976 339 (121) 2,194 (210) 20,564 6,858 13,706 (196) 11510 4.77 5 4.75 2831 2,347 4915 15,201 (320) 14,881 5.22 5 5.19 2,350 2,868 2.12 $ 2019 510,329 4,076 $14,405 385,301 107,147 21,957 1975 371 (217) 2.129 8,368 11,460 4,281 7,179 (509) 6670 2.26 226 2929 2,945
58 of 9/ Amount in million) ASSETS Current assets: Cash and cash equivalents Receivables, not Inventories Prepaid expenses and other Total current a Property and equipment, net Operating lease right-of-use assets Finance leaut right-ofine arts, tet, Goodwill Other long-term e Total assets LIABILITIES AND EQUITY Current liabilities: Short-term borrowing Accounts payable Accrued liabilities Accrued income tasex Long-term debe due within one year Operating lease obligations due within one year Finance lease obligations due within one year Total current liabilities Long-term dobi Long-term operating lene obligations Long-term finance lease obligation Deferred income taxes and other Commitments and contingencies Equity: Common stock Capital in excess of par value Retained camnings Accumulated other comprehensive lo Total Walmart shareholders equity Noncontrolling interest Tessil coquity Total liabilities and equity See accompanying nex Walmart Inc. Consolidated Balance Sheets $ 5 As of January 31, 17,741 S 6516 44949 20,361 90,067 92.201 13,642 4,005 28,983 23,398 252,496 224 5 49,141 37,966 242 3,115 1,466 491 92.645 41,194 3,847 14,37 282 3,646 2821 88,763 (11,766) 80,925 87.531 252,496 S 2020 9,465 6,284 44,435 1622 61,306 105,206 17,424 4,417 31,073 16,567 236,495 $75 46,973 200 5,362 1.793 511 77,790 41,714 16,171 4307 12.961 284 3,247 13,943 (12.805) 74M 6,883 81552 236,495
68 of 194 December 31, Current Assets Cash and cash equivalents Short-term investments Total Cash, Cash Equivalents and Short-Term Investments Marketable securities Trade accounts receivable, less allowances of $526 and $524, respectively Inventories Prepaid expenses and other assets Total Current Assets Equity method investments Other investments Other assets Deferred income tax assets Property, plant and equipment-net Trademarks with indefinite lives Goodwill Other intangible assets Total Assets Current Liabilities Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debi Accrued income taxes Total Current Liabilities Long-term debt Other liabilities Deferred income tax liabilities The Coca-Cola Company Shareowners' Equity Common stock, 50.25 par value; authorized-11,200 shares issund-7,040 shares Capital surplus Reinvested camnings Accumulated other comprehensive income (loss) Treasury stock, at cost-2,738 and 2,760 shares, respectively Equity Attributable to Shareowners of The Coca-Cola Company Equity attributable to noncontrolling interests Total Equity Total Liabilities and Equity Refer to Notes to Consolidated Financial Statements. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions except par value) ASSETS LIABILITIES AND EQUITY 66 5 S 2020 6,795 5 1,771 8.566 2.348 3,144 3,266 1,916 19,240 19,273 812 6.184 2,440 16,777 10,395 17,506 649 87.296 5 11,145 S 2,383 485 788 14,641 40,125 9,453 1,760 17,641 66.555 (14,601) (2016) 19,299 1.985 21,284 87,296 5 3019 6,410 1,467 7947 3,228 3,971 3,379 1856 20,411 19.025 854 6075 2412 JAKK 9266 16364 736 11,312 10,994 414 26,973 27.316 8,510 1,760 17,154 66.555 (13544) (52244) 18981 2.117 21,00
purdueglobal.brightspace.com THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME mece por share data) 66 of 194 Year Ended De Net Operating Reven Cost of goods seld Gros Prod Selling general and admite expenses Ober operating charges Operating Income Interest income Interest expense Ety income) Other income (s)m Income Before Income Taxes Inces Consolidated Net Income Les: Not income dous attributable to nonconting interes Net Income Attributable to Sharewers of The Coca-Cola Company Basic Net Income Per Shard Dilated Net Income Per Shard Average Shares Outstanding-Basic Effect of dive securities Average Shares Outstanding-Dileted Refer to Notes to Consolidated Financial Stat N S 1 S 33,814 5 13,433 19,581 9731 853 K97 370 LAST 976 341 8.749 1,981 7,768 21 7,347 S 1.30 S 1,79 5 4295 28 37266 5 14619 22647 12,300 458 1006 563 946 1049 34 10,76 1,801 KORS 65 8.500 5 2005 2015 4276 38 34,300 11.067 21.233 11,000 1879 9,352 409 (1674) 8225 1,349 6.476 42 64M 1.51 1.50