J. M. Smucker and H.J. Heinz are two well-recognized brands at the dinner table. To evaluate their ability to collect on credit sales, consider the following rounded information in their annual reports (amounts in millions).

Required:
1. Calculate the receivables turnover ratios and days to collect for Smucker and Heinz for the years ended April 30, 2013 and 2012. (Round to one decimal place.)
2. Which of the companies is quicker to convert its receivables into cash?

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J. M. Smucker 2012 $5,500 H. J. Heinz 2012 Fiscal Year Ended April 30: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2013 $5,900 315 314 2011 $4,800 345 2013 2011 $11.500 878 870 11,500 $10,500 350 826 10 816 1.051 348 344 1,040