w 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). oints eBook Smiley Jams Sir Tomato Fiscal Year Ended April 30: 2016 2015 2014 2016 2015 2014 Net Sales $8,000 $5,890 $5,810 $1,480 $1,480 $3,340 Accounts Receivable 471 451 3319692 100 Allowance for Doubtful Accounts Accounts Receivable, Net of 470 450 330 Allowance 1 95 90 98 Reference 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 Sir Tomato Smiley Jams Sir Tomato Jams Receivables Turnover Ratio Days to Collect 2. Which of the companies is quicker to convert its receivables into cash in 2016? Smiley Jams Sir Tomato