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Coca-Cola and PepsiCo are two of the largest and most successful beverage companles in the world in terms of the products that they sell and

image text in transcribed Coca-Cola and PepsiCo are two of the largest and most successful beverage companles in the world in terms of the products that they sell and thelr recelvables management practices. To evaluate thelr 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: 1. Calculate the recelvables tumover 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.) 2 Which of the companles is quicker to convert its recelvables Into cash? Pepsico Coca-Cola

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