Oxendine Corporation and Washington Manufacturing 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: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Required: 2018 $ 7,556 1,248 30 1,218 Oxendine 2017 $ 7,031 8541 33 2016 $7,518 980 2018 $ 5,802 Washington 2017 2016 $5,768 $5,622 34 1,072 39 1,152 724 41 40 821 946 1,033 1,111 684 1. Calculate the receivables turnover ratios and days to collect for Oxendine and Washington 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? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28