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 Net Sales 2016 2018 2017 2016 $37,670 541 290 Accounts Receivable $ 45, 780 $26.048 $ 76,60 $ 68.630 Allowance for Doubtful Accounts 4,250 4,510 4,730 7.920 7,830 7,460 550 57 560 Accounts Receivable, Net of Allowance 100 13e 140 3,670 3,940 4.170 7,828 7,700 7,320 Required: 1. Calculate the receivables turnover ratios and days to collect for CCK Beverage Company and Cola Incorporated for 2018 and 2017 2-o. 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? Reg 1 Reg 2A Reg 28 Calculate the receivables turnover ratios and days to collect for CCK Beverage Company and Cola Incorporated 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) Show less 2018 2017 CCK Beverage Cola CCK Beverage Cola Company Incorporated Company Incorporated Receivables Turnover Ratio Days to collect Req2A > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Which of the companies was quicker to convert its receivables into cash in 2018? OCCK Beverage Company Cola Incorporated Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B Which of the companies was quicker to convert its receivables into cash in 2017? Cola Incorporated OCCK Beverage Company