Fizzy Sodas and Hayes Companies 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: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Required: 2018 $ 34, 360 4,050 530 3,520 Fizzy Sodas 2017 $ 38,090 4,310 520 3,790 2016 $ 43,560 4,490 510 3,980 Hayes Companies 2018 2017 $ 68,495 $ 69,260 7,520 7,440 100 130 7, 420 7,310 2016 $ 65, 350 7, 110 140 6,970 1. Calculate the receivables turnover ratios and days to collect for Fizzy Sodas and Hayes Companies 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. Reg 1 Req 2A Req 2B Calculate the receivables turnover ratios and days to collect for Fizzy Sodas and Hayes Companies 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 Fizzy Sodas Hayes Companies Hayes Fizzy Sodas Companies Receivables Turnover Ratio Days to collect Reg 1 Req 2A >