Analyze Ralph Lauren

Ralph Lauren Corporation (RL) designs, markets, and distributes a variety of apparel, home dcor, accessory, and fragrance products. The companys products include such brands as Ralph Lauren, Polo by Ralph Lauren, and Chaps. For two recent years, the company reported the following (in millions):

Line Item Description	Year 2	Year 1
Sales	$6,313.0	$6,182.3
Accounts receivable (end of year)	398.1	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.

Line Item Description	Year 2	Year 1
Accounts Receivable Turnover

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.

Line Item Description	Year 2	Year 1
Days Sales in Receivables