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Accounts Receivable Turnover and Days 5 aies in Receivables Classic Company designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products.

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Accounts Receivable Turnover and Days" 5 aies in Receivables Classic Company designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The company's products include sueh brands as Polo by Classic, Cassic Purple Label, Classic, Polo Jeans Co, and Chaps. Polo Classic reported the following for two recent years: Assume that accounts receivable were $598,600 at the beginning of Year 1 . a. Compute the accounts receivable turnover for Year 2 and Year 1 . Round to one decimal place. Year 2: Year 1t b. Compute the days' sales in receivables for Year 2 and Year 1. Round to one decimat piace. Use 365 days per year in your calculations. Year 2: days Year 1: c. The change in the accounts receivable turnower from year 1 to year 2 indicates a( n) in the efficiency of collecting accounts receivable and is

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