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Acrouriks Recelvable Analysts Xavier 5 tores Company and Lestrade Stores Inci are large retall department stores. Both companies offer credit to their customers through their

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Acrouriks Recelvable Analysts Xavier 5 tores Company and Lestrade Stores Inci are large retall department stores. Both companies offer credit to their customers through their own crecit 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 number of days sales in recelvables for both companies. Round answers to one decimal place. Assume 365 days a year. b. Xavier's accounts receivable turnover is than Lestrade's. The number of days' sales in recenables 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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