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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) Cola Inc. Fiscal Year Ended: 2015 2014 2013 Net Sales $35,519 $31,990 $32,944 Accounts Receivable 4,498 3,8333,161 Allowance for Doubtful Accounts 50 57 53 Accounts Receivable, Net of Allowance 4,448 3,776 3,108 Soda Co. 2015 2014 2013 $58,838 $44,232 $44,251 6,487 4,734 3,884 146 92 72 6,341 4,642 3,732 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.) 2014 2015 Cola Inc. Soda Co. Colinc Soda Coc Receivables Tumover Ratio Days to collect

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