13. 7.72 points PB8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover and collect [Lo 8-4) Ratio, Days to J. M. smucker and H. J. Heinz are two well-recognized brands dinner table. To evaluate their ability to collect on credit sales, consider the following rounded information in their annual reports (amounts in millions). J. M. Smucker H, J, Heinz Fiscal Year Ended April 30 2013 2012 2011 2013 2012 2011 5,900 5,500 4,800 11,500 11,500 10,500 Accounts Receivable 878 1,051 Allowance for Doubtful Accounts 10 Accounts Receivable, Net of Allowance 314 870 816 1,040 Required 1. Calculate the receivables tumover ratios and days to collect for Smucker and Heinz for the years ended April 30, 2013 and 2012. (Use 365 days in a year. Round your answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.) 2013 2012 M. Smucker HJ, Heinz J Smucker HJ, Heinz JM, Receivables Turnover Ratio Days to Collect