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Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the...

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Accounting

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Coca-Cola and PepsiCo 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 information assumed to have been reported in their 2020, 2019, and 2018 annual reports (amounts in millions) Coca-Cola Pepsico 2020 2019 Fiscal Year Ended: 2018 2020 2019 2018 $32,084 $33,857 Net Sales $24,588 $45,751 $41,474 $35,637 Accounts Receivable Allowance for Doubtful Accounts 3,141 68 3,438 61 2,700 68 3,834 75 3,720 74 3,197 69 Accounts Receivable, Net of Allowance 3,081 3, 377 2,632 3,759 3,128 3,646 Accounts Receivable, Net of Allowance 3,881 3,377 2,632 3,759 3,646 3,128 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2020 and 2019. (Consider a 365 days a year. Round your intermediate answers and final answers to 1 decimal place.) Coca-Cola PepsiCo 2020 Receivables turnover ratio Days to collect times times days days 2019 Receivables turnover ratio Coca-Cola times days PepsiCo times days Days to collect

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