PAS-5 (Algo) Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect [LO 8-4) CCK Beverage Company and Cola incorporated 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 famounts in millions 14 Year Ended Net Sales 2018 $40.00 49.470 150KO 520 Accounts Receivable 4.60 4. 5.1 3.60 6.5 Allowance for Doubtful Accounts . 100 1.30 Accounts Hecevable. Met of Allowance 4,00 Required: 1. Calculate the receivables turnover ratios and days to collect for CCK Beverage Company and Cola Incorporated for 2018 and 2017 2-o. 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 Reg 2A Reg 28 Calculate the receivables turnover ratios and days to collect for COK Beverage Company and Cola incorporated for 2018 and points Beverage Company and Cola Incorporated for 2018 and 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 eBook Print Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Which of the companies was quicker to convert its receivables into cash in 2018? OCCK Beverage Company Cola Incorporated (Req1 Req2B> 1,32 oints lullover ratios and days to collect for CCK Beverage Company and Cola Incorporated for 2018 and 200 2-o. 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? eHook Print Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Reg 28 Which of the companies was quicker to convert its receivables into cash in 2017? Cola Incorporated OCCK Beverage Company points Beverage Company and Cola Incorporated for 2018 and 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 eBook Print Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Which of the companies was quicker to convert its receivables into cash in 2018? OCCK Beverage Company Cola Incorporated (Req1 Req2B> 1,32 oints lullover ratios and days to collect for CCK Beverage Company and Cola Incorporated for 2018 and 200 2-o. 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? eHook Print Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Reg 28 Which of the companies was quicker to convert its receivables into cash in 2017? Cola Incorporated OCCK Beverage Company