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). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2015 $3,856 1,068 - 12 1,056 Mathis 2014 $3,131 674 15 659 2013 $3,918 800 16 784 2015 $1,902 892 21 871 Hashey 2014 2013 $1,968 $2,022 972 544 23 22 949522 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 - 2014 Mathis Mathis Hashey Hashey Receivables Turnover Ratio Days to Collect 2-a. Which of the companies was quicker to convert its receivables into cash in 2015? O Mathis Hashey 2-b. Which of the companies was quicker to convert its receivables into cash in 2014? O Mathis O Hashey