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 credif sales, consider the following information reported in their annual reports (amounts in millions). Mathis 2011 as Fiscal Year Ended: Net Sales 2012 2010 $7,956 $7,631$7,918 2012 2011 2010 $6,302 $6,168 $6,022 1,268 32 874 35 1,172 Accounts Receivable Allowance for Doubtful Accounts 1,000 36 1,092 41 744 43 42 Accounts Receivable, Net of Allowance 1,236 839 964 1,051 1,129 702 Required 1. Calculate the receivables turnover ratios and days to collect for Mathis and Hashey for 2012 and 2011 TIP: In your calculations, use average Accounts Receivable, Net of Allowance. (Use 365 days ina 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.) 2012 2011 Mathis Hashey Mathis Hashey Receivables Turnover Ratio Days to Collect 2-a. Which of the companies was quicker to convert its receivables into cash in 2012? Mathis O Hashey 2-b. Which of the companies was quicker to convert its receivables into cash in 2011? Mathis O Hashey