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Accounts recelvable analysis Xavier Stores Company and Lestrade Stores Inc, are large retail department stores. Both companies offer credit to their customers through their own

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Accounts recelvable analysis Xavier Stores Company and Lestrade Stores Inc, are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as follows (in millions): a. Determine the (1) accounts receivable tumover and (2) the days' sales in receivables for both companies. Round your calculations and answers to one decimal place. Assume 365 days a year. b. Xavier's accounts recelvable turnover is much than Lestrade's. The days' sales in recelvables is for Xavier than for Lestrade. These differences indicate that Xavier is able to turn over its receivables quickly than Lestrade. As a result, it takes Xavier time to collect its receivables

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