Cols Inc. and Sods Co. sre 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: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Cola Inc. 2015 2014 2013 $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 3.786 6,395 Required: 1. Calculate the receivables turnover ratios and days to collect for Cols Inc. and Sods Co. for 2015 and 2014. (Use 365 days in a year. Do not round Intermediate calculations on Accounts Recelvable 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.) Answer is complete but not entirely correct. 2015 2014 Cola Inc. Soda Co. Cola Inc. Soda Co. 10.1 1128 11.2 393 33.5 38.9 332 Receivables Turnover Ratio Days to collect 2 Which of the companies is quicker to convert its receivables into cash? Soda Co. Cole Inc