Business, 31.10.2019 00:31 cabo531

Mathis and hashey are two of the largest and most successful toy makers 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).mathishashey fiscal year ended: 2012 2011 2010 2012 2011 2010 net sales $6,956 $6,531 $6,918 $5,202 $5,168 $5,022 accounts receivable 1,218 824 950 1,042 1,122 694 allowance for doubtful accounts 27 30 31 36 38 37 accounts receivable, net of allowance 1,191 794 919 1,006 1,084 657 calculate the receivables turnover ratios and days to collect for mathis and hashey for 2012 and 2011. tip: in your calculations, use average accounts receivable, net of allowance.

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Mathis and hashey are two of the largest and most successful toy makers in the world, in terms of th...

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