Hall Corporation and Harris Bears 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).

Fiscal Year Ended:	Hall			Harris
	2018	2017	2016	2018	2017	2016
Net Sales	$ 5,056	$ 4,531	$ 5,118	$ 3,202	$ 3,068	$ 3,222
Accounts Receivable	1,128	734	860	952	1,032	604
Allowance for Doubtful Accounts	18	21	22	27	29	28
Accounts Receivable, Net of Allowance	1,110	713	838	925	1,003	576

Required:

1. 1. Calculate the receivables turnover ratios and days to collect for Hall and Harris for 2018 and 2017.
   TIP: In your calculations, use average Accounts Receivable, Net of Allowance.

2. 2-a. Which of the companies was quicker to convert its receivables into cash in 2018?

3. 2-b. Which of the companies was quicker to convert its receivables into cash in 2017?

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	2018		2017
	Hall	Harris	Hall	Harris
Receivables Turnover Ratio
Days to Collect

Answer rating: 100% (QA)

Hall Company Net Accounts receiavble at end of the year Net Accounts receiavbl... View the full answer