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$).$

Required:

Calculate the receivables turnover ratios and days to collect for Coca$-$Cola and PepsiCo for $2020$ and $2019.($Consider a $365$ days a

year. Round your intermediate answers and final answers to $1$ decimal place.$)$

Which of the companies is quicker to convert its receivables into cash?

Coca$-$Cola

Pepsico