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athis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and thein eceivables
athis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and thein eceivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in heir annual reports (amounts in millions) Mathis Hashe Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2015 2014 7,156 $6,731 $7,118 $5 1,228 2013 2013 $5,402 $5,368 $5,222 704 38 2015 2014 834 31 803 960 32 928 1,052 1,132 39 1,015 1,093 28 1,200 equired: 1. Calculate the receivables turnover ratios and days to collect for Mathis and Hashey for 2015 and 2014. 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.) 2015 2014 Mathis Hashey Mathis Hashey Receivables Turnover Ratio Days to Collect
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