Answer :
Answer:
The answer is given below;
Explanation: Mathis Amount in $ Hashey
2011 2012 2011 2012
Net Sales 3,631 4,156 2,268 2,302
A/R-Net 677 1,074 967 889
A/R Turnover 3,631/(677+802) 4156/(677+1074) 2,268/(967+540)
2,302/(889+967)
(Net Sales/Average net receivable)
A/R Turnover 2.5 2.4 1.5 1.2
Days to collect
(Average Receivables/Sales)*365
677+802/(3631) 677+1074/(4156) 967+540/(2,268) 889+967/(2,302)
Average days to collect 149 154 242 294