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 $7, 156 1, 228 Mathis 2014 $6, 731 834 31 803 2013 $7, 118 960 32 928 2015 $5,402 1,052 37 1,015 Hashey 2014 $5, 368 1, 132 39 1,093 2013 $5, 222 7 04 38 666 28 1,200 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 Turnover Ratio Days to Collect Receita con el nover Rate A 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 convert its receivables into cash in 2014? Mathis Hashey