Coca-Cola and PepsiCo 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 information assumed to have been reported in their 2017, 2016, and 2015 annual reports (amounts in millions). 

Required: 

1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2017 and 2016. (Round to one decimal place.) 

2. Which of the companies is quicker to convert its receivables into cash?

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Coca-Cola PepsiCo Fiscal Year Ende d: 2017 2016 2015 2017 2016 2015 Net Sales $31,944 $28,857 $24,088 $43,251 $39,474 $35,137 Accounts Receivable 3,141 3,373 2,650 3,784 3,670 3,147 Allowance for Doubtful Accounts 51 56 63 70 69 64 Accounts Receivable, Net of Allowance 3,090 3,317 2,587 3,714 3,601 3,083