Oxendine Corporation and Washington Manufacturing are two of the largest and most successful toymakers in the worid, 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). Required: 1. Calculate the receivabies turnover ratios and days to collect for Oxendine and Woshington for 2018 and 2017 TIP: in your calculations, use average Accounts Recelvable, Net of Allowance. 2-a. Which of the companies was quicker to convert its recelvables into cash in 2018 ? 2-b. Which of the companies was quicker to convert its receivables into cash in 2017 ? Complete this question by entering your answers in the tabs below..

1. Oxendine Corporation and Washington Manufacturing are two of the largest and most
successful toymakers in the worid, 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). Required: 1. Calculate the
receivabies turnover ratios and days to collect for Oxendine and Woshington for 2018 and 2017
TIP: in your calculations, use average Accounts Recelvable, Net of Allowance. 2-a. Which of the
companies was quicker to convert its recelvables into cash in 2018 ? 2-b. Which of the
companies was quicker to convert its receivables into cash in 2017 ? Complete this question by
entering your answers in the tabs below.