Question: Chapter 8 Homework Help 8 Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the receivables

Chapter 8 Homework Help 8 Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in products they sell and their their annual reports (amounts in millions). 12.5 points Mathis Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accountts Accounts Receivable, Net of Allovance 2015 2014 2013 56.956 $6 531 $6.918 $5,202 $5,168 $5,022 694 37 657 2015 2014 2013 1,218 1,1 950 1,042 1,122 eBook Print References 824 30 794 31 919 1,006 1,084 36 91 Required: 1. 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 Turnover Ratio for Days to Collect ratio calculation.) your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable 2015 Mathis Hashey Hashey Receivables Tumover Ratio Days to Collect 2-a. Which of the companies was quicker to convert its receivables into cash in 2015?

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