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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. Soda Co. Fiscal Year Ended: 2015 2014 2013 2015 2014 2013 Net Sales $39,319 $35, 190 $35,944 $61,938 $47,432 $47, 251 Accounts Receivable 4,578 3,893 3,221 6,547 4,794 3,864 Allowance for Doubtful Accounts 56 63 59 152 98_78 Accounts Receivable, Net of 4,522 3,830 3,162 6,395 4,696 3,786 Allowance 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 Intermedlate calculations on Accounts Recelvable Turnover Ratlo. Round your final answers to 1 decimal place. Use final rounded answers from Accounts Recelvable Turnover Ratlo for Days to Collect ratio calculation.) 2014 2015 Cola Inc. Soda Co. Cola Inc. Soda Co. Receivables Turnover Ratio : Days to collect 2. Which of the companies is quicker to convert its receivables into cash? O Cola Inc. O Soda Co

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