Analyze Ralph Lauren Ralph Lauren Corporation (RL) designs, markets, and distributes a variety of apparel, home dcor, accessory, and fragrance products. The company's products include such brands as Ralph Lauren, Polo by Ralph Lauren, and Chaps. For two recent years, the company reported the following (in millions): Sales Accounts receivable (end of year) Year 2 $6,313.0 398.1 Year 1 $6,182.3 421.4 The accounts receivable at the beginning of Year 1 was $450.2 million. a. Compute the accounts receivable turnover for Year 1 and Year 2. For interim computations, carry amounts out to one decimal place. Round your final answers to one decimal place. Year 2 15.4 Year 1 Accounts Receivable Turnover 14.2 b. Compute the days' sales in receivables for Year 1 and Year 2. Assume 365 days in a year. For interim computations, carry amounts out to one decimal place. Round your final answers to one decimal place. Year 2 Year 1 Days' Sales in Receivables 40.5 X days 25.8 days c. The accounts receivable turnover has increased between the two years. In addition, the days' sales in receivables decreased . There appears to be an increase in the efficiency in collecting accounts receivable between the two years.