Accounts Receivable Analysis Bassett Stores Company and Fox Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as follows (all numbers are in millions): Bassett Fox $270,100 $379,600 Merchandise sales Credit card receivables-beginning Credit card receivables-ending 59,527 46,890 49,697 36,102 a. (1) Determine the accounts receivable tumover for both companies. Round to one decimal place. Bassett Stores Fox Stores (2) Determine the days sales in receivables for both companies. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. Bassett Stores days Fox Stores days (2) Determine the days' sales in receivables for both companies. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. Bassett Stores days Fox Stores days b. What conclusion can be drawn regarding the two companies and their credit card policies