7 7.16 points CP8-5 (Algo) Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect [LO 8-4] Nez Toys and Hall Corporation 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). eBook Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Print Accounts Receivable, Net of Allowance Required: References 2018 Nez 2017 $ 5,256 1,138 19 $ 4,731 744 2016 $ 5,318 2018 Hall 2017 22 870 23 $ 3,402 962 28 $ 3,268 1,042 2016 $ 3,422 614 30 29 1,119 722 847 934 1,012 585 1. Calculate the receivables turnover ratios and days to collect for Nez and Hall 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? 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. Req 1 Req 2A Req 2B Calculate the receivables turnover ratios and days to collect for Nez and Hall 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.) 2018 2017 Nez Hall Nez Hall Receivables Turnover Ratio Days to Collect < Req 1 Req 2A > Show less