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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

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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 milions): a. (1) Determine the accounts receivable tumever for both companies. Round to one decimal place. (2) Determine the days boies in recuivables 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. b. What conclusion can be drawn regarding the two companies and thelr credit card policies? credit card operations. Information from the finandal statements for both companies for two recent years is as follows (all numbers are in millions): a. (1) Determine the accounts receivable turnover for both companies, Round to one decimal place. (2) Determine the days sales in recelvables 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. b. What conclusion can be drawn regarding the two companies and their credit card policies

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