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Mattel, Inc

Accounting

Mattel, Inc., and Hasbro 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 Mattel 2015 2014 2013 55,700 $6,000 $6,488 1,170 1,130 1,280 25 30 20 1,145 1,100 1.260 Hasbro 2015 2014 2013 54,450 $4,280 $4,888 1,235 1,116 1,115 15 16 1,220 1,100 1,095 Required: 1. Calculate the receivables turnover ratios and days to collect for Mattel and Hasbro 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 Mattel Hasbro Mattel Hasbro Reables Turnover Ratio Days to Collect 2-a. Which of the companies was quicker to convert its receivables into cash in 2015? Mattel O Hasbro 2-b. Which of the companies was quicker to convert its receivables into cash in 2014?
Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions) Coca-Cola Pepsico Fiscal Year Ended: 2015 2013 2015 2014 2013 Net Sales $44,300 $46,000 $46,800 $63,100 $66,762 566,400 Accounts Receivable 4,290 7,150 Allowance for Doubtful Accounts 350 60 150 Accounts Receivable, Net of Allowance 3,940 4,470 4,870 6,440 6,700 7.000 2014 480e 4,93e 33e 6,570 130 6,840 140 Required: 1. Calculate the receivables turnover ratios and days to collect for Coca-Cola and PepsiCo for 2015 and 2014. (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 corpulation.)
Nemy 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) 2014 2015 Coca-Cola PepsiCo Coca-Cola Pepsico Receivables Turnover Ratio Days to collect 2. Which of the companies is quicker to convert its receivables into cash? OPepsiCo Coca-Cola

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