Mattel, Incorporated, and Hasbro are two of the largest and most successful toymakers in the world,...

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Mattel, Incorporated, 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). 4 Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Required: 2018 $4,510 990 20 970 Mattel 2016 2017 $4,880 $5,460 1,155 25 1,135 20 1,130 1,115 2018 $4,580 1,200 10 1,190 Hasbro 2017 $5,210 1,435 30 1,405 2016 $5,020 1,337 17 1,320 1. Calculate the receivables turnover ratios and days to collect for Mattel and Hasbro for 2018 and 2017. TIP: In your calculations, use average Accounts Receivable, Net of Allowance. 2-a. Which of the companies was quicker to convert its receivables into cash in 2018? ts eBook Ask Print References Complete this question by entering your answers in Req 1 Reg 2A Req 28 Receivables Turnover Ratio Days to Collect Calculate the receivables turnover ratios and days to collect for Mattel and Hasbro for 2018 and 2017. 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 your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.) Mattel 2018. < Reg 1 low. Hasbro Mattel 2017 Req 2A > Hasbro Show less A Mattel, Incorporated, 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). 4 Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Required: 2018 $4,510 990 20 970 Mattel 2016 2017 $4,880 $5,460 1,155 25 1,135 20 1,130 1,115 2018 $4,580 1,200 10 1,190 Hasbro 2017 $5,210 1,435 30 1,405 2016 $5,020 1,337 17 1,320 1. Calculate the receivables turnover ratios and days to collect for Mattel and Hasbro for 2018 and 2017. TIP: In your calculations, use average Accounts Receivable, Net of Allowance. 2-a. Which of the companies was quicker to convert its receivables into cash in 2018? ts eBook Ask Print References Complete this question by entering your answers in Req 1 Reg 2A Req 28 Receivables Turnover Ratio Days to Collect Calculate the receivables turnover ratios and days to collect for Mattel and Hasbro for 2018 and 2017. 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 your final answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.) Mattel 2018. < Reg 1 low. Hasbro Mattel 2017 Req 2A > Hasbro Show less A

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To calculate the receivables turnover ratio and the days to collect for Mattel and Hasbro for 2018 and 2017 we will follow these steps 1 Receivables T... View the full answer