Accounts Receivable Analysis Xavier Stores Company and Lestrade 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 (in millions): Sales Credit card receivables-beginning Credit card receivables-ending Xavier Lestrade $292,000 $408,800 36,014 30,066 89,478 68,890 a. Determine the (1) accounts receivable turnover and (2) the number of days' sales in receivables for both companies. Round answers to one decimal place. Assume 365 days a year. 1. Accounts receivable turnover 2. Number of days' sales in receivables Xavier days Lestrade days Inventory Analysis The following data were extracted from the income statement of Shriver Inc.: Sales Beginning inventories Cost of merchandise sold Ending inventories Prior Year $1,550,500 Current Year $1,489,200 94,056 112,448 744,600 85,056 861,400 94,056 a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year. 1. Inventory turnover 2. Number of days' sales in inventory Current Year days Prior Year days Inventory Analysis QT, Inc., and Elppa Computers, Inc., compete with each other in the personal computer market. QT assembles computers to customer orders, building and delivering a computer within four days of a customer entering an order online. Elppa, on the other hand, builds computers for inventory prior to receiving an order. These computers are sold from inventory once an order is received. Selected financial information for both companies from recent financial statements follows (in millions): Sales Cost of merchandise sold Inventory, beginning of period Inventory, end of period QT $91,980 Elppa $116,100 76,650 109,500 3,223 3,623 12,880 15,080 a. Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory. Round your calculations and answers to one decimal place. Assume 365 days a year. 1. Inventory turnover 2. Number of days' sales in inventory QT days Elppa days