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). ints Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Mathis 2015 2014 2013 $3,956 $3,331 $4,118 1,078 684 810 13 16 17 1,065 668 793 Hashey 2015 2014 2013 $2,102 $2,168 $2,222 902 982 554 22 24 23 880 958 531 eBook Print References 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.) 2014 2015 Hashey Mathis Mathis Hashey Receivables Tumover Ratio Days to Collect Shipit Corporation reported the following rounded amounts (in millions): Accounts Receivable Allowance for Doubtful Accounts 2016 $ 5,215 (195) $ 5,020 2015 $ 4,920 (200) $ 4,720 Accounts Receivable, Net of Allowance Net Sales (assume all on credit) $44,000 $ 42,700 Required: 1. Determine the receivables turnover ratio and days to collect for 2016. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.) Receivables Turnover Ratio 8.3 times Days to Collect days