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Accounts Receivable Turnover and Days Sales in Receivables Classic Company designs, markets, and distributes a vanety of apparel, home decor, accessory, and fragrance products. The

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Accounts Receivable Turnover and Days Sales in Receivables Classic Company designs, markets, and distributes a vanety 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 $3,280,620 $3,308, 360 Accounts receivable 383,250 397,850 Assume that accounts receivable were 5354,050 at the beginning of Year 1 a. Compute the accounts receivable turnover for Year 2 and Year 1. Round your answers to two decimal places. Year 2 Year 1 bCompute the days' sales in recevables for Year 2 nd Year 1. Round your final answers to one decimal place. Use 365 days per year in your calculations Year 2 days day Year! The change in the accounts receivable turnover from your 1 to year 2 indicates ) change. The change in the day sales in receivables is Mo) in the efficiency of collecting accounts receivable and is an) change

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