HBB Beverages and Fizzy 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). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Required: 2018 $ 33,710 4,010 520 3,490 HBB Beverages 2017 $ 37,410 4,270 510 3,760 2016 2018 $ 43,130 4,450 500 3,950 $ 67,114 7,450 100 $ 67,870 7,370 130 7,350 7,240 Fizzy Sodas 2017 2016 $ 64,700 7,040 140 6,900 1. Calculate the receivables turnover ratios and days to collect for HBB Beverages and Fizzy 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? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Calculate the receivables turnover ratios and days to collect for HBB Beverages and Fizzy Sodas 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 HBB HBB Beverages Fizzy Sodas Fizzy Sodas Beverages Receivables Turnover Ratio Days to collect 40.6 39.7 < Req 1 Req 2A >