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Check my work Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Cola Inc. 2015 2014 2013 $33,319
Check my work Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Cola Inc. 2015 2014 2013 $33,319 $28,990 $30,466 4,448 3,783 3,111 45 52 48 4,403 3,731 3.063 Sodaco. 2015 2014 2013 356,138 541,732 541.251 6,437 3.754 141 87 67 6,296 4.597 3,687 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 Soda Co. 2014 Cola Inc Cola Inc Soda Co. Receivables Turnover Ratio Days to collect 2. Which of the companies is quicker to convert its receivables into cash? Cola Inc Soda Co
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