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): Xavier Lestrade Sales $248,200 $346,750 Credit card receivables-beginning 43,212 57,647 Credit card receivables-ending 36,076 44,383 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 Xavier Lestrade 1. Accounts receivable turnover 2. Number of days' sales in receivables days days b. Xavier's accounts receivable turnover is lower than Lestrade's The number of days' sales in receivables is higher for Xavier than for Lestrade. These differences indicate that Xavier is able to turn over its receivables less quickly than Lestrade. As a result, it takes Xavier more time to collect its receivables