Cola Inc. and Soda Co. 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). Super-Cola Popinski Fiscal Year Ended: 2012 2011 2010 2012 2011 2010Net Sales $35,419 $31,490 $32,444 $58,338 $43,732 $43,751 Accounts Receivable 4,488 3,823 3,151 6,477 4,724 3,794Allowance for Doubtful Accounts 49 56 52 145 91 71 Accounts Receivable, Net of Allowance 4,439 3,767 3,099 6,332 4,633 3,723Required:Calculate the receivables turnover ratios and days to collect for Super-Cola and Popinski for 2012 and 2011.

make them bite soap instead of you lol

answer; buying the bill at a discount from the face value to be received at maturity;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.