PA$8-5($Algo$)$ Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect $[$LO $8-4]$

Kapoor Cola Corporation and CCK Beverage Company 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$).$

$\backslash$table$[[$Fiscal Year Ended:,$2018$ Kapc,Cola Corpo,,CC$,$Beverage CoI,$],[$Net Sales,$\backslash$table$[[2018],[$$$43,760$