Mattel, Inc., 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 2015 and 2014. (Round your final answers to one decimal place.)

2. Which of the companies was quicker to convert its receivables into cash in 2015? in 2014?

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Hasbro Mattel Fiscal Year Ended: 2014 2015 2014 2013 2015 2013 Net Sales Accounts Receivable Allowance for Doubtful Accounts $4,080 1,1 15 $5,700 1,170 $6,000 1,130 $6,480 1,280 $4,450 1,235 $4,280 1,1 16 25 15 30 20 16 20 Accounts Receivable, Net of Allowance 1,260 1,220 1,095 1,145 1,100 1,100