1.53 points CP8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Co 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). Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the Mathis 2011 Hashey 2011 2010 2012 2010 2012 $4,856 $4,231 $4,918 $3,002 $2,868 $3,022 594 27 Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts 1,118 17 724 20 850 21 942 26 1,022 28 1,101 829 916 994 567 704 Accounts Receivable, Net of Allowance Required 1. Calculate the receivables turnover ratios and days to collect for Mathis and Hashey for 2012 and 2011 TIP: In your calculations, use average Accounts Receivable, Net of Allowance. (Use 365 days in a year. Do not rounid 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.) 2012 2011 Mathis Hashey Mathis Hashey Receivables Turnover Ratio Days to Collect