coca-cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of 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)

PA8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect [LO8-4] 5 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). 18 points Coca-Cola Pepsico Fiscal Year Ended: 2020 2019 2018 2020 2019 2018 eBook Net Sales $32,954 $37,857 $25,188 $44, 751 $43,874 $36, 237 Accounts Receivable Allowance for Doubtful Accounts 3,151 66 3, 373 67 2,760 74 3,894 81 3, 780 80 3,257 75 Print Accounts Receivable, Net of Allowance 3,085 3,306 2,686 3,813 3,700 3,182 References Required: 1. 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.) 2020 Coca-Cola PepsiCo Receivables turnover ratio times times Days to collect days days 2019 Coca-Cola PepsiCo Receivables turnover ratio times times Days to collect days days Mc Graw Prev 5 of 6 NE Conan sa