Circuit City Stores, Inc. is a national retailer of brand-name consumer electronics including televisions, DVD players, compact disc players, personal computers, printers, video games, DVD movies, and music. For the fiscal years 2003 and 2002, Circuit City reported the following (in thousands):

Assume that the accounts receivable (in thousands) were $265,515 at March 1, 2001.
a. Compute the accounts receivable turnover for 2003 and 2002. Round to one decimal place.
b. What conclusions can be drawn from these analyses regarding Circuit City's efficiency in collectingreceivables?

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Year Ending February 28, 2003 2002 Net sales Accounts Receivable $9,953,530 9,518,231 159,477 216,200