Help Cola Inc. and Soda Co. 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 abillity to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). Cola Inc. Soda Co. Fiscal Year Ended: 2013 2015 2014 $37,019 $32,990 $33, 944 2014 $59,838 $45,432 $45,251 4,754 2015 2013 Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 4,538 52 3,853 59 3,181 6,507 148 3,824 55 94 74 4,486 4,660 3,750 3,794 3,126 6,359 Required: 1. Calculate the receivables turnover ratios and days to collect for Cola Inc. and Soda Co. for 2015 and 2014. (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.) 2015 2014 Cola Inc. Soda Co. Cola Inc. Soda Co. Receivables Turnover Ratio Days to collect 2. Which of the companies is quicker to convert its receivables into cash? O Cola Inc. 537,019532,990 $33,944 4,538 $59,838 $45,432 $45,251 6,507 Accounts Receivable 3,853 3,181 Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 4,754 3,824 74 52 59 55 148 94 4,486 3,794 3,126 6,359 4,660 3,750 47 Required: 1. Calculate the receivables turnover ratios and days to collect for Cola Inc. and Soda Co. for 2015 and 2014. (Use 365 days in a year. Do not round intermediate calculations on Accounts Receivable Turnover Ratio. Round your flinal answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.) 2015 2014 Cola Inc. Soda Co. Cola Inc. Soda Co. Receivables Tumover Ratio Days to collect 2. Which of the companies is quicker to convert its receivables into cash? O Cola Inc. O Soda Co. 7 of 7 Next