1 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 milions Fiscal Year Ended Net Sales Allowance for Doubtful Accounts Cole Inc. 2015 2013 $17,019 $17,998 $13,964 2014 2015 Accounts Receivable Accounts Receivable, set of Allowance 4,538 3,653 3,181 52 59 $5 3,126 Soda Co 2014 $59,838 545,432 $45,251 6;507 4,754 5,824 94 74 6,359 4,668 3,750 2013 P Required: 1. Calculate the receivables turnover ratios and days to collect for Cola Inc. and Soda Co. for 2015 and 2014. (Use 365 days in a year. Do not round intermediate calculations on Accounts Receivable Turnover Ratio. Round your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.) 2015 2014 Cola Inc. Soda Co. Cola Inc. Soda Co Receivables Turnover Ratio Clayto Check my work