| DR PEPPER SNAPPLE GROUP, INC. Consolidated Balance Sheets (partial) |
||||||||||
| (In millions) | December 31, 2008 | December 31, 2007 | ||||||||
| Assets | ||||||||||
| Current assets: | ||||||||||
| Cash and cash equivalents | $ | 217 | $ | 72 | ||||||
| Accounts receivable (net of allowances of $14 and $21, respectively) | 528 | 543 | ||||||||
| Consolidated Statements of Operations (partial) | ||||||||
| For the Year Ended December 31 | ||||||||
| (In millions) | 2008 | 2007 | 2006 | |||||
| Net sales | $ | 5,640 | $ | 5,625 | $ | 4,630 | ||
| Net (loss) income | $ | (314) | $ | 500 | $ | 526 | ||
|
|
||||||||
|
The company also reported bad debt expense of $8 million in 2008, $14 million in 2007, and $10 million in 2006. |
Record the company’s write offs of uncollectible accounts for 2008. (Enter your answers in millions. Omit the “$” sign in your response.)
| General journal | Debit | Credit |
| (Click to select)Bills payableAccounts payableNotes payableAllowance for uncollectible accountsAccounts receivableNotes receivableSalesBills receivable | ||
| (Click to select)SalesAccounts payableBills receivableNotes receivableAccounts receivableNotes payableBills payableAllowance for uncollectible accounts | ||
|
|
||
|
Assuming all sales were on credit, what amount of cash did Dr Pepper Sna pple Group collect from customers in 2008? (Enter your answer in millions. Omit the “$” sign in your response.) |
| Cash collections for 2008 | $ |
|
Compute the company’s net profit margin for the three years presented. (Negative values should be indicated by a minus sign. Round your final answer to 2 decimal places. Omit the “%” sign in your response.) |
| Net Profit Margin | |
| 2006 | % |
| 2007 | % |
| 2008 | % |
|
|
|
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
