Accounts Receivable Analysis Bassett Stores Company and Fox Stores Inc. are large retall department stores. Both companies offer credit to thelr customers through their own credit card operations. Information from the flnancial statements for both companies for two recent years is as follows (all numbers are in millions) Bassett Fox Merchandise sales $292,000 408,800 Credit card receivables-beginning 44,298 40,499 36,982 31,181 Credit card receivables-ending a. (1) Determine the accounts receivable turnover for both companies. Round to one decimal place. Bassett Stores Fox Stores (2) Determine the days' sales In recelvables for both companles. Assume there are 365 days In the year. Round Intermedlate calculations to the nearest whole dollar and final answers to one declmal place. Bassett Stores Fox Stores days days b. What conclusion can be drawn regarding the two companies and their credit card policies