Accounts Receivable Turnover and Days' Sales in Receivables

The Campbell Soup Company manufactures and markets food products throughout the world. The following sales and receivable data (in millions) were reported by Campbell Soup for two recent years:

	Year 2		Year 1
Sales	$8,685		$7,890
Accounts receivable	805		616

Assume that the accounts receivable were $638 million at the beginning of Year 1.

a. Compute the accounts receivable turnover for Year 2 and Year 1. Round interim calculations and final answers to two decimal places.

Year 2:	fill in the blank
Year 1:	fill in the blank

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:	fill in the blank days
Year 1:	fill in the blank days