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4 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

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4 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 2020, 2019, and 2018 annual reports (amounts in millions). 10 points Coca-Cola 2019 Pepel.co 2019 2020 2018 2020 2018 $33,304 $29,157 $25,00 $40,251 343,474 $36.137 Thucal Year Endedi Net Sales Accounts Receivable Allowance for Doubtful Account Account Receivable, Met of Allowance 3,141 65 3,363 66 2.750 73 3,884 00 3.270 70 3.247 76 Print 3,076 3,800 3,691 3.173 Reference Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2020 and 2019. (Consider a 365 days year. Round your intermediate answers and final answers to 1 decimal place.) 2020 Receivables turnover ratio Days to collect Coca-Cola times days Pepalco times days 2010 Receivables turnover ratio Days to collect Coca-Cola times days PepsiCo times days

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