1. Calculate the recelvables turnover ratios and days to collect for Morgan and Locklear for 2018 and 2017. TIP: In your calculations, use average Accounts Recelvable, Net of Allowance, 2-a. Which of the companies was quicker to convert its receivables into cash in 2018 ? 2-b. Which of the companies was quicker to convert its recelvables into cash in 2017? Complete this question by entering your answers in the tabs below. Which of the companies was quicker to convert its receivables into cash in 2018 ? 1. Calculate the recelvables tumover ratios and days to collect for Morgan and Locklear for 2018 and 2017. TiP: in your calculations, use average Accoumts Receivable, Net of Allowance. 2-e. Which of the companles was quicker to convert its recelvables into cash in 2018 ? 2-b. Which of the companies was quicker to corvert lts recelvobies into cash in 2017 ? Complete this question by entering your answers in the tabs below. Calculate the receivables turnover ratios and days to collect for Morgan and Locklear for 2018 and 2017. TIP; In your calculations, use average Accounts Recelvable, Net of Alowance. (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 Colfect ratio calcutation.) Show less. CP8-5 (Algo) Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect [LO 8-4] Morgan Toys Incorporated and Locklear Toymaking are two of the largest and most successful toymakers in the world, in terms of the products they sell and their recelvables 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 Morgan and Locklear for 2018 and 2017. TIP: In your calculations, use average Accounts Receivable, Net of Allowance. 2-0. Which of the companies was quicker to convert its recelvables into cash in 2018 ? 2-b. Which of the companies was quicker to convert its recelvables intocash in 2017 ? Complete this question by entering your answers in the tabs below. Calculate the receivables turnover ratios and days to collect for Morgan and Locklear for 2018 and 2017. TIP: In your calculations, use average Accounts Recelvable, 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 Recelvable Tumover Ratio for Days to Collect ratio calculation.) 1. Calculate the receivables turnover ratios and days to collect for Morgan and Locklear 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 recelvables into cash in 2018 ? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017 ? Complete this question by entering your answers in the tabs below. Which of the companies was quicker to convert its receivables into cash in 2017
