Accounts Receivable Turnover and Days' Sales In Receivables Ralph Lauren Corporation designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The company's products include such brands as Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Polo Jeans Co., and Chaps. Polo Ralph Lauren reported the following in thousands) for two recent years: For the Period Ending Year 2 $6,182,300 $5,652,800 643,600 664,600 Assume that accounts receivable (in thousands) were $770,700 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 1 Sales Accounts receivable Year 2: Year 1: b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations Year 2 days Year 1: days c. The change in the accounts receivable turnover from year 1 to year 2 indicates a(n) In the efficiency of collecting accounts receivable and is on) change the change in the days' sales in receivables indicates an) change