3 Kapoor Cola Corporation and CCK Beverage Company 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 millions). 0.5 points 2017 2018 2016 Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Required: Kapoor Cola Corporation 2018 2016 $ 36,990 $ 41,020 $ 45,330 4,210 4,470 4,680 570 560 550 3,640 3,910 4,130 CCK Beverage Company 2017 $ 74,496 $ 75,095 $ 68,000 7,840 7,750 7,390 100 130 140 7,740 7,620 7,250 eBook Print 1. Calculate the receivables turnover ratios and days to collect for Kapoor Cola Corporation and CCK Beverage Company for 2018 and 2017 2-a. Which of the companies was quicker to convert its receivables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017? References Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B Calculate the receivables turnover ratios and days to collect for Kapoor Cola Corporation and CCK Beverage Company for 2018 and 2017. (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.) 2018 Kapoor Cola Corporation CCK Beverage Company 2017 CCK Kapoor Cola Corporation Beverage Company Receivables Tumover Ratio Days to collect Reg Reg 2A >