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 rounded amounts reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Req 1 Req 2A Complete this question by entering your answers in the tabs below. Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017. 2-a. 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? Req 2B Receivables Turnover Ratio Days to collect 2018 $ 31,860 3,890 490 3,400 Coca-Cola 2018 PepsiCo Coca-Cola 2017 Coca-Cola $ 35,410 4,150 480 3,670 Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo 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.)

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 recelvables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). Required: 1. Calculate the recelvables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2018 and 2017. . 2-0. Which of the companies was quicker to convert its receivables into cash in 2018 ? 2b. Which of the companies was quicker to convert its receivables into cash in 2017 ? Complete this question by entering your answers in the tabs below. Calculate the recelvables turnover ratios and days to Lollect for Coca Cola and PepsiCo for 2018 and 2017. (Use 305 days in a vear, Do not round intermediate calculations on Accounts Recelvable Turnover Ratio. Round your final answers to 1 decimal place Use final rounded answers from Accounts Recolvable Turnover Ratio for Days to Collect ratio calculation.)