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

Merchandise sales $$281,050$ $$394,200$

Credit card receivables$$beginning $55,31075,055$

Credit card receivables$$ending $46,17657,785$

a$.(1)$ Determine the accounts receivable turnover for both companies. Round to one decimal place.

Bassett Stores fill in the blank $1$

Fox Stores fill in the blank $2$

$(2)$ 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 fill in the blank $3$

days

Fox Stores fill in the blank $4$

days