subject
Business, 15.11.2019 21:31 lanaiheart7

Mathis and hashish 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). mathis hashey fiscal year ended: 2015 2014 2013 2015 2014 2013 net sales $ 3,956 $ 3,331 $ 4,118 $ 2,102 $ 2,168 $ 2,222 accounts receivable 1,078 684 810 902 982 554 allowance for doubtful accounts 13 16 17 22 24 23 accounts receivable, net of allowance 1,065 668 793 880 958 531 required: 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.) 2-a. which of the companies was quicker to convert its receivables into cash in 2015

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:30
He aldermanalderman company has prepared a sales budget of 42 comma 00042,000 finished units for a 3-month period. the company has an inventory of 10 comma 00010,000 units of finished goods on hand at december 31 and has a target finished goods inventory of 11 comma 00011,000 units at the end of the succeeding quarter. it takes 44 gallons of direct materials to make one unit of finished product. the company has inventory of 64 comma 00064,000 gallons of direct materials at december 31 and has a target ending inventory of 53 comma 00053,000 gallons at the end of the succeeding quarter. how many gallons of direct materials should aldermanalderman company purchase during the 3 months ending march 31? select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased.
Answers: 3
question
Business, 22.06.2019 12:10
Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)
Answers: 1
question
Business, 22.06.2019 17:30
Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?
Answers: 2
question
Business, 23.06.2019 01:00
To travelers know what to expect researchers collect the prices of commodities
Answers: 2
You know the right answer?
Mathis and hashish are two of the largest and most successful toymakers in the world, in terms of th...
Questions
question
World Languages, 09.01.2020 12:31
Questions on the website: 13722363