Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evaluate their ability to collect on credit sales, consider the following rounded information in their annual reports (amounts in millions) Smiley Tams 2015 $8, 600 6, 490 $6,410 Sir Tomato 2015 Fiscal Year Ended April 30 Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of A1lowance 2016 531 530 2014 391 390 2016 2014 $2, 080 2, 2509, 340 160 511 150 152 510 149 150 158 Required 1. Calculate the receivables turnover ratios and days to collect for Smiley Jams and Sir for the fiscal years ended in 2016 and 2015. (Use 365 days in a year. Round your answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.) 2016 2015 Smiley Jams Sir Tomato Smiley Jams Sir Tomato Receivables Turnover Ratio Days to Collect 2. Which of the companies is quicker to convert its receivables into cash in 2016? O Sir Tomato Smiley Jams