Required: 1. Calculate the receivables turnover ratios and days to collect for Cola Inc. and Do not round intermediate calculations on Accounts Receivable Turnover Use final rounded answers from Accounts Receivable Turnover Ratio for De 2014 2015 Cola Inc. Soda Co. Gola Inc. Soda Co. 10.5 Receivables Turnover Ratio Days to collect 2. Which of the companies is quicker to convert its receivables into cash? O Soda Co. O Cola Ina Prey 1 of 1 Cola Inc and Soda Co are two of the largest and most successful beverage companies in the world in terms of sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the f 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 Cola Inc. 2015 2014 2013 $33,319 328,990 $30,444 4,448 3,783 3,111 45 52 48 4,403 3,731 3,063 Soda Co. 2015 2014 2013 $56,338 $41,732 $41,251 6,437 4,684 3,254 141 87 62 6, 296 4,592 3,687