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Mathis and Hershey are two of the largest and most successful toy makers in the world. in terms of the products they set and their

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Mathis and Hershey are two of the largest and most successful toy makers in the world. in terms of the products they set and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts millions) Calculate the receivables turnover ratios and days to collect for Mathis and Hershey 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.) Which of the companies was quicker to convert its receivables into cash in 2012? Which of the companies was quicker to convert its receivables into cash in 2011

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