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Net Sales Fiscal Year Ended: Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Required: Robinson Mathis 2018 2017 2016 2018 $
Net Sales Fiscal Year Ended: Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Required: Robinson Mathis 2018 2017 2016 2018 $ 3,856 $ 3,131 $ 3,918 $ 1,902 2017 $1,968 2016 $ 2,022 1,068 12 1,056 674 800 892 972 544 15 16 21 23 22 659 784 871 949 522 k 1. Calculate the receivables turnover ratios and days to collect for Robinson and Mathis 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? t ences 2-b. Which of the companies was quicker to convert its receivables into cash in 2017? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Calculate the receivables turnover ratios and days to collect for Robinson and Mathis for 2018 and 2017. 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.) 2018 2017 Robinson Mathis) Robinson Mathis Receivables Turnover Ratio. Days to Collect Req 1 Req 2A > Show less A
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