CCK Beverage Company and Cola Incorporated 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).

Fiscal Year Ended:	CCK Beverage Company			Cola Incorporated
	2018	2017	2016	2018	2017	2016
Net Sales	$ 44,600	$ 49,470	$ 50,080	$ 90,789	$ 91,300	$ 75,110
Accounts Receivable	4,630	4,960	5,180	8,650	8,550	8,170
Allowance for Doubtful Accounts	670	660	650	100	130	140
Accounts Receivable, Net of Allowance	3,960	4,300	4,530	8,550	8,420	8,030

Required:

1. 1. Calculate the receivables turnover ratios and days to collect for CCK Beverage Company and Cola Incorporated for 2018 and 2017.

2. 2-a. Which of the companies was quicker to convert its receivables into cash in 2018?

3. 2-b. Which of the companies was quicker to convert its receivables into cash in 2017?