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). 2013 Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Cola Inc. 2015 2014 $39,319 $35, 190 $35,944 4,578 3,893 3,221 56 63 59 4,522 3,830 3,162 Soda Co. 2015 2014 2013 $61,938 $47.432 $47,251 6,547 4,794 3,864 152 98 78 6,395 4,696 3,786 Accounts Receivable, Net of 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 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.) 2015 2014 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? Cola Inc. Soda Co. 11 Next >