Essay
Hasbro had $2,816 million in sales and $555 million in ending accounts receivable for the current period.For the same period,Mattel reported $4,885 million in sales and $491 million in ending accounts receivable.Calculate the days' sales uncollected for both companies as of the end of the current period.Which company is doing a better job in managing the collection of its receivables?
Correct Answer:
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Hasbro: ($555/$2,816) x 365 = 71.9 days
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