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 reported in their annual reports (amounts in millions). Mathis Hashey 2015 2014 2013 $5.456 $4,931 $5,518 1,148 754 880 2015 2014 2013 $3,602 $3,468 $3,622 972 1,052 624 Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2023 24 29 31 30 1,128 731 856 9 43 1,021 594 Required: 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 Mathis Hashey 2014 Mathis Hashey Receivables Turnover Ratio Days to Collect 2.a. Which of the companies was quicker to convert its receivables into cash in 2015? Mathis Hashey 2.b. Which of the companies was quicker to convertits receivables into cash in 2014? Mathis Hashey