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).

	Mathis										Hashey
Fiscal Year Ended:	2015			2014			2013				2015			2014			2013
Net Sales	$	5,456		$	4,931		$	5,518			$	3,602		$	3,468		$	3,622
Accounts Receivable		1,148			754			880				972			1,052			624
Allowance for Doubtful Accounts		20			23			24				29			31			30
Accounts Receivable, Net of Allowance		1,128			731			856				943			1,021			594

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.)

1. 2-a. Which of the companies was quicker to convert its receivables into cash in 2015?

multiple choice 1

• Mathis

• Hashey

1. 2-b. Which of the companies was quicker to convert its receivables into cash in 2014?

multiple choice 2

• Mathis

• Hashey