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 Mathis 2011 Hashey 2011 2012 2010 2012 2010 $5,256 $4,731 $5,318 $3,402 $3,268 $3,422 744 Accounts Receivable Allowance for Doubtful Accounts 1,138 19 870 23 962 1,042 30 614 29 28 Accounts Receivable, Net of Allowance 1,119 722 847 934 1,012 585 Required 1. Calculate the receivables turnover ratios and days to cllect for Mathis and Hashey for 2012 and 2011 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.) 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 2-b. Which of the companies was quicker to convert its receivables into cash in 20117 MacBook 80 F3 F4 F5 F6