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Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they

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Cola Inc. and Soda Co. 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 Cola Inc. 2015 2014 2013 $40,319 $36, 190 $36,944 4,598 3,913 3,241 58 65 61 4,540 3,848 3,180 Soda Co. 2015 2014 2013 $62,93 $48,432 548,251 6,569 4,814 3,884 154 100 80 6,413 4,714 3,804 Required: 1. Calculate the receivables turnover ratios and days to collect for Cola Inc. and Soda Co. for 2015 and 2014. (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.) Answer is not complete. 2015 2014 Coln Inc. Soda Co. Cola Ine. 8.8 9.6 9.3 Soda Co. 10.1 Receivables Turnover Ratio Days to collect

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