PA8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect [LO 8-4) 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 ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions), 2015 Tiscal Yar inded Net Sales Accounts Receivable Allowance for Doubtful Accounts Mecounts Receivable, Het of Allowance Cols Ibe 2014 2013 531.219 927, 190 $28.446 4.400 3,743 3.071 41 48 44 4.367 3.027 Sodaco 2015 2014 2013 $51.948539,232539251 4.544 1:37 23 63 6,260 4.561 Required: 1. Calculate the receivables tumover 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) 2018 Colaine Boda Co. 2014 Colaine Boda Co Recent Turnover Ratio Days to collect