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In April, Hasbro Had $3,875 Million in Sales and $990

Question 144

Essay

In April, Hasbro had $3,875 million in sales and $990 million in accounts receivable. For the same period, Mattel had $4,595 million in sales and $834 million in accounts receivable. Calculate the days' sales uncollected for both companies. Which company appears to be doing a better job in managing collection of its receivables (all other things assumed to be equal)?

Correct Answer:

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Hasbro = 93.3 days; ...

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