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).

Fiscal Year Ended:	Cola Incorporated			Soda Company
	2018	2017	2016	2018	2017	2016
Net Sales	$ 45,450	$ 50,360	$ 50,580	$ 92,610	$ 93,070	$ 75,860
Accounts Receivable	4,680	5,010	5,230	8,740	8,640	8,250
Allowance for Doubtful Accounts	680	670	660	100	130	140
Accounts Receivable, Net of Allowance	4,000	4,340	4,570	8,640	8,510	8,110

Required:

1. 1. Calculate the receivables turnover ratios and days to collect for Cola Incorporated and Soda Company for 2018 and 2017.

2. 2-a. Which of the companies was quicker to convert its receivables into cash in 2018?

3. 2-b. Which of the companies was quicker to convert its receivables into cash in 2017?

2 5 points 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 receivables into cash in 2018? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017? Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Reg 20 Calculate 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 Receivable Turnover Ratio for Days to Collect ratio calculation.) 2018 2017 Soda Soda Cola Incorporated Cola Company incorporated Company Receivables Tumover Ratio Days to collect Rest Req 2A > Check my work