Mattel and Hasbro are two of the largest and most successful toymakers in the world, in terms
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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 2010 and 2009. (Round your final answers to one decimal place.)
2. Which of the companies was quicker to convert its receivables into cash in 2010? In 2009?
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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