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 $ 39,880 4,370 610 3,760 HBB Beverages 2017 $ 44,280 4,660 600 4,060 2016 $ 47,170 4,880 590 4,290 2018 $ 80,800 8,160 100 8,060 Fizzy Sodas 2017 $ 81,325 8,070 130 7,940 2016 $ 70, 760 7,690 140 7,550 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. Reg 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.) Show less 2018 2017 HBB Beverages Fizzy Sodas HBB Beverages Fizzy Sodas Receivables Turnover Ratio Days to collect