Accounts Receivable Turnover and Days' Sales in Receivables Classic Company designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The company's products include such brands as Polo by Classic, Classic Purple Label, Classic, Polo Jeans Co., and Chaps. Polo Classic reported the following for two recent years: For the Period Ending Year 2 Year 1 Sales Accounts receivable 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. $5,009,625 $4,982,250 657,000 678,900 Year 2: Year 1: b. Compute the days' sales in receivables for Year 2 and Year 1. Round to one decimal place. Use 365 days per year in your calculations Year 2: Year 1: c. The change in the accounts receivable turnover from year 1 to days days accounts receivable turnover from year 1 to year 2 iIndicates an) decrease in the efficiency of collecting accounts recelvable and is aln) unfavorable change. The change in the days sales In recelvables is alo) unfavorable change eedba Previous