JITHEY JUINIS IS VERRIIUITIUI IS ITU juris un JHI TURUL ISL LUI Purry UCHIU ury VICCI LUCU EyuVica. IUCvuTuULE LI ability to collect on credit sales, consider the following rounded information in their annual reports (amounts in millions). Fiscal Year Ended April 30: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Smiley Jams 2016 2015 2014 $8,200 $6,090 $6,010 491 471 2016 $ 1,680 114 Sir Tomato 2015 $1,750 112 2014 $5,340 120 3 points 490 470 350 113 110 118 Required: eBook 1. Calculate the receivables turnover ratios and days to collect for Smiley Jams and Sir for the fiscal years ended in 2016 and 2015. (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.) References 2016 Smiley Jams 2015 Smiley Jams Sir Tomato Sir Tomato Receivables Turnover Ratio Days to Collect 2. Which of the companies is quicker to convert its receivables into cash in 2016? Sir Tomato Smiley Jams Prey 8 of 8 ! Neyt