Accounts Receivable Turnover and Days Sales in Receivables Classic Company designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. by Classic, Classic Purple Label, Classic, Polo Jeans Co., and Chaps. Polo Classic reported the following for two The company's products indude such brands For the Period Ending Year 2 Year 1 Sales $6,414,875 $6,395,895 Accounts receivable Assume that accounts receivable were $605,900 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 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: . The change inthe accounts receivable turnover from year l to year 2 indicates a(n) 664,300 686,200 5s days per year in your caculation days days in the efficiency of collecting accounts receivable and is a(m) change. The change in the days sales in receivables is a(n) -change. favorable unfavorable