1. Which of the companies was quicker to convert its receivables into cash in 2015?

• Mathis

• Hashey

1. 2-b. Which of the companies was quicker to convert its receivables into cash in 2014?

• Mathis

• Hashey

Mathis and Hashey 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 2015 $6,056 1,178 1 23 1,155 Mathis 2014 2013 $5,631 $6,118 784 910 26 27 758 883 Hashey 2015 2014 013 $4,202 $4,268 $4,222 1,002 1,082 654 32 34 970 1,048 33 Required: 1. Calculate the receivables turnover ratios and days to collect for Mathis and Hashey for 2015 and 2014. 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.) 2015 2014 H Mathis Hashey Mathis ashey Receivables Turnover Ratio Days to Collect