Mattel and Hasbro are two of the largest and most
Mattel and Hasbro 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).
Required:
1. Calculate the receivables turnover ratios and days to collect for Mattel and Hasbro for 2012 and 2011. (Round your final answers to one decimal place.)
2. Which of the companies was quicker to convert its receivables into cash in 2012? in 2011?
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