The question information is in the attached image Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that theysell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following roundedamounts reported in their annual reports (amounts in millions).Cola Inc.Soda Co.Fiscal Year Ended:201520142013201520142013Net Sales$32,719 $28,190 $29,444$55,338 $40,732 $40,751Accounts Receivable4,4283,7633,0916,4174,6643,734Allowance for Doubtful Accounts4350461398565Accounts Receivable, Net of Allowance4,3853,7133,0456,2784,5793,669Required: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.)20152014Cola Inc.Soda Co.Cola Inc.Soda Co.Receivables Turnover RatioDays to collect2. Which of the companies is quicker to convert its receivables into cash?

Financial Ratios:-These are ratios that help in evaluating a company's financial position for the…

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). Cola Inc. Soda Co. Fiscal Year Ended: 2015 2014 2013 2015 2014 2013 $32,719 $28,190 $29,444 3,763 50 $55,338 $40,732 $40,751 3,734 Net Sales 4,664 85 Accounts Receivable 3,091 46 4,428 6,417 Allowance for Doubtful Accounts 43 139 65 Accounts Receivable, Net of Allowance 4,385 3,713 3,045 6,278 4,579 3,669 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.)