Accounts Receivable TurnoverandDays' Sales in Receivables

The Limited Brands Inc. sells women's clothing and personal health care products through specialty retail stores including Victoria's Secret and Bath & Body Works stores. The Limited Brands reported the following (in millions) for two recent years:

Year 2Year 1Sales$10,364$9,613Accounts receivable269267Assume thataccounts receivable(in millions) were $249 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 day's sales inreceivablesfor 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:daysYear 1:days