Harris Bears and Morgan Toys Incorporated 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). PAcal Tear Ended Net Bales Accounta eceivable Allovance for Doubtful Aceounte Aecounta eceivable, Net of Allovence Harrin 2012 36,531 24 10 794 Morgan 2017 2018 2016 2018 $6,91 5,202 S,16 1,042 2016 6,956 5.022 950 11 919 1,122 694 1,191 ,006 1,004 657 Required: 1. Calculate the receivables turnover ratios and days to collect for Harris and Morgan 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 Reg 2A Req 28 Calculate the receivables turnover ratios and days to collect for Harris and Morgan 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 Recelvable Turnover Ratio. Round your final answers to 1 decimal place. Use final rounded answers from Accounts Recelvable Turnover Ratio for Days to Collect ratio calculation.) Show less a 2018 2017 Harris Morgan Harris Morgan Receivables Turnover Ratio Days to Collect Reg 1 Reg 2A >