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Bassett Stores Company and Fox Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations.

Bassett Stores Company and Fox 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 (all numbers are in millions):

Bassett Fox
Merchandise sales $255,500 $357,700
Credit card receivablesbeginning 43,338 49,390
Credit card receivablesending 36,182 38,026

a. (1) Determine the accounts receivable turnover for both companies. Round to one decimal place.

Bassett Stores fill in the blank 1
Fox Stores fill in the blank 2

(2) Determine the days' sales in receivables for both companies. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place.

Bassett Stores fill in the blank 3 days
Fox Stores fill in the blank 4 days

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