Accounts Recievable Analysis

EX 14-10 Accounts receivable analysis Obj. 3 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 turnover and (2) the days' sales in receivables for both companies. Round to one decimal place. Compare the two companies with regard to their credit card policies