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or a ter, TRCoMe Operations before, from for Execusmart Consultants. nalyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect CP8-5 A LO
or a ter, TRCoMe Operations before, from for Execusmart Consultants. nalyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect CP8-5 A LO Mattel and Hasbro are two of the largest and most successful toymakers in the world, in terms of the Ma 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). Ha Mattel Hasbro Fiscal Year Ended Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2012 2011 2010 2012 2011 2010 $6,400 $6,300 $5,900 $4.100 $4,300 $4,000 1,265 1,280 1,200 1,050 1,058 990 35 30 20 20 24 30 960 1,230 1,250 1,180 1,030 1,034 Required Calculate the receivables turnover ratios and days to collect for Mattel and Hasbro for 2012 and 2011. (Round your final answers to one decimal place.) TIP: In your calculations, use average Accounts Receivable, Net of Allowance Which of the companies was quicker to convert its receivables into cash in 2012? in 2011? 1. 2. aconnect
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