Hayes Companies and Softee Sodas 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). Hayes Companies Softee Sodas Fiscal Year Ended: 2018 2017 2016 2018 2017 Net Sales $ 35,010 $ 38,780 $ 44,000 $ 69,936 $ 70,660 Accounts Receivable 4,090 4,350 4,530 7,600 7,510 Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 3,550 3,820 4,010 7,500 7,380 Required: 1. Calculate the receivables turnover ratios and days to collect for Hayes Companies and Softe Sodas 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? 540 530 520 100 130