| 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 | % |
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