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Mattel, Incorporated, and Hasbro are two of the largest and most successful toymakers in the world, in terms of the products they sell and their

Mattel, Incorporated, and Hasbro 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: Mattel Hasbro
201820172016201820172016
Net Sales $4,510 $4,880 $5,460 $4,580 $5,210 $5,020
Accounts Receivable 9901,1551,1351,2001,4351,337
Allowance for Doubtful Accounts 202520103017
Accounts Receivable, Net of Allowance 9701,1301,1151,1901,4051,320
Required:
1. Calculate the receivables turnover ratios and days to collect for Mattel and Hasbro for 2018 and 2017.
TIP: In your calculations, use average Accounts Receivable, Net of Allowance.
2-a. Which of the companies was quicker to convert its receivables into cash in 2018?
2-b. Which of the companies was quicker to convert its receivables into cash in 2017?

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