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). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2015 $38, 819 4,568 55 4,513 Cola Inc. 2014 $34, 690 3,883 62 3, 821 2013 $35, 444 3,211 58 3, 153 2015 $61, 338 6,537 151 6, 386 Soda Co. 2014 $46,932 4, 784 97 4,687 2013 $46, 751 3,854 77 3, 777 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.) Answer is complete but not entirely correct. 2014 2015 Cola Inc. Soda Co. Cola Inc. Soda Co. 9.3 10.3 x 11.3 X Receivables Turnover Ratio Days to collect 11.1 32.9 39.2 36.9 X 32.9 X 2. Which of the companies is quicker to convert its receivables into cash? Cola Inc. Soda Co