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Business, 15.11.2019 21:31 lanaiheart7

Mathis and hashish are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. to evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). mathis hashey fiscal year ended: 2015 2014 2013 2015 2014 2013 net sales $ 3,956 $ 3,331 $ 4,118 $ 2,102 $ 2,168 $ 2,222 accounts receivable 1,078 684 810 902 982 554 allowance for doubtful accounts 13 16 17 22 24 23 accounts receivable, net of allowance 1,065 668 793 880 958 531 required: calculate the receivables turnover ratios and days to collect for mathis and hashey for 2015 and 2014. tip: in your calculations, use average accounts receivable, net of allowance. (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.) 2-a. which of the companies was quicker to convert its receivables into cash in 2015

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