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 2017, 2016, and 2015 annual reports (amounts in millions). Coca-Cola PepsiCo Fiscal Year Ended: Net Sales 2017 $32,544 3,171 68 2016 $37,857 3,393 69 2015 $25,388 2,780 76 2017 $49,751 3,914 83 3,831 2016 $44,674 3,800 82 2015 $36,437 3,277 77 Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 3,103 3,324 2,704 3,718 3,200 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2017 and 2016. (Consider a 365 days a year. Round your intermediate answers and final answers to 1 decimal place.) 2017 Receivables turnover ratio Days to collect Coca-Cola times days PepsiCo times days 2016 Receivables turnover ratio Days to collect Coca-Cola times days PepsiCo times days 2. Which of the companies is quicker to convert its receivables into cash? Coca-Cola PepsiCo