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Cola Incorporated and Soda Company 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 Incorporated and Soda Company 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). Required 1. Calculate the receivables turnover ratios and days to collect for Cola Incorporated and Soda Company for 2018 and 2017. 2-a. Which of the companies was quicker to convert its recelvables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017? ? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Caiculate the receivables turnover ratios and days to collect for Cola Incorporated and Sodo Company for 2018 and 2017. (Use 365 days in a year. Do not round intermediate calculations on Accounts Recervable Turnover Ratio. Aound your Final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnaver Ratio for Days to Collect ratio Calculate the receivables turnover ratios and days to collect for Cola Incorporated and Soda Company for 2018 and 2017 1-a. Which of the companies was quicker to convert its receivables into cash in 2018 ? -b. Which of the companies was quicker to convert its receivables into cash in 2017? A Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculato the receivables turnover ratios and days to collect for Cola Incorporated and Soda Company for 2018 and 2017. (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 Recelvable Turnover Ratio for Days to Collect ratio calculation.)

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