Question: I dont know what Im doing wrong on the one wrong marked wrong can someone help me out? 4 PA8-5 Analyzing Allowance for Doubtful Accounts,

I dont know what Im doing wrong on the one wrong marked wrong can someone help me out? I dont know what Im doing wrong on the one wrong marked

4 PA8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect [LO 8-4] 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 recelvables management practices To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions) points Coca-Cola Fiscal Year Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2815 201420132015 2814 2013 544,300 546,90 546 808 63-180 566,790 566, 488 4,29048804,938 6,578 6,840 ,15 150 6,446 6,70 7,900 354 30 130 60 878 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2015 and 2014. (Use 365 days In a year. Do not round intermediate colculations on Accounts Recelvable Turnover Ratlo. Round your final answers to 1 decimal place. Use final rounded answers from Accounts Recelvable Turnover Ratlo for Days to Collect ratio caiculation.) 3 Answer is complete but not entirely correct. Coca-Cola PepsiCo Coca Cola Receivables Turnover Ratio 10.5 3463364 375 961020 97 Days to colect 2 Which of the companies is quicker to convert its receivables Into cash? Pepsico Coca-Cola

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