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Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables
Mathis and Hashey 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 reportedin their annual reports (amounts in millions) Fiscal Year Ended: Net Sales 2015 2814 13 28152814 2813 7,156 $6,731 57,118 $5,482 $5,368 $5,222 1,228 834 96 1,852 1.132784 Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 28 31 39 1,200 8 9281,815 1,893666 Required lculate the receivables turnover ratios and days to collect for Mathis and Hashey for 2015 and 2014 TIP In your 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.) Mathis 702 51.4
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