(10 points) 2. A company reported the following data: Year 3 443,900 41,000 Net credit sales Ending Acct's rec'ble Year 2 379,650 38,000 Year 1 347,600 34,000 Required: 1. Calculate the company's Receivable turnover for year's 2 ani year's 2 and 3. - Comment on the company's efficiency in managing its receivables. approx.. 12X) efficiency in managing its receivables. (Note: Industry trends are (10 points) 3. A company reported the following data: Year 2 375,000 Year 1 238,000 35,500 Year 3 495,000 38,000 Net credit sales Ending Acct's rec'ble Required: 1. Calculate the average collection days' of receivable for year's 2 and 3. 2. Comment on the trend in receivable's management. (Note: Terms of sales are 30 days)