Pepsi's Accounts Receivable Turnover Was 9

question 13

Multiple Choice

Pepsi's accounts receivable turnover was 9.9 for this year and 11.0 for last year.Coca-Cola's turnover was 9.3 for this year and 9.3 for last year.These results imply that:

• A)Coke has the better turnover for both years.
• B)Pepsi has the better turnover for both years.
• C)Coke's turnover is improving.
• D)Coke's credit policies are too loose.
• E)Coke is collecting its receivables more quickly than Pepsi in both years.

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