Brands, Inc. (B) men's clothing and and health care products though wediats retall stadig vidarla's Secret and Bath & Body Works stares. L Brands reported the fuiwing On milions) for twe recent years: Year 2 Year 1 252 201 244 a. telee the lots bar for a 2 and at Round at calls teemal place Year 1 Chef de bestander Use 365 days and rund af calculates to a decimal plain Year 2 Year 1 days wind to accents alle tunaver, which of the towing statements is 0 1.A ne in the accounts reivable turnover means there is a decline in the efficacy in collecting accounts receivable the 3 the account 4 in the accounts at huve me there is a dede in the ethylency in collecting accounts recivalis time means there is a dede in the stuency in making sales this a increase in the efficiency in making sales Book AnalynBrands Brands, Inc. (LB) sells women's clothing and personal health care products through specialty retail stores including Victoria's Secret and Bath & Body Works stores. L Brands reported the following (in millions) for twe recent years Year 2 Year 1 Sales Accines recalable $12.154 $11.454 Beginning of year 252 201 244 252 a. Determine the accounts receivable tumor for That 2 and Year 1 Round all caculations to one decimal place Accounts receivable turnaver Year 2 40.2 x Year 11 b. Campula the number of days sales in receivables for Year 2 and Year 1. Use 365 days and rount all calculations to ene decimal place Number of days sales receivables Tear 2 Year 1 7.9 X days day with repent to accounts receivable turnover which of the fuwing statements is c 1A dicine in the accounts receivable tumnever means there is a dedine in the efficiency in collecting accounts receivable 2. An increase in the accounts receivable tumover means there is a decline in the effidence in collecting accounts receivable An increase in the accounts receivable turnover means there is a decline in the efficiency in making sales 4. An increas in the accounts receivable turnover means there is a increase in the afficiency in making Crater hanges effect effi L Brands, Inc. (18) sells women's dothing and personal heath care products through specialty retail stores including Victoria's Secret and Bath & Body Works stores L Brands reported the following On min) for two recent years Year 2 Year 1 Sales Accounts recaivathe $12,154 $11,454 Beginning of year End of year 252 261 244 252 a. Determine the accounts receivable turnover for Year 2 and Year 1. Rund all calculations to one decimal place Aunts receivable turnover Year 2 46.2 X Year 1 47.4 X b. Compute the number of days' sales in receivables for year 2 and Year 1. Use 365 days and round all calculations to me decimal place Number of dave sales in recevale Year 2 7.9 X des Year 1 deys With regard to accounts receivable turnover, which of the hubowing statements is corre 1. A dedine in the accounts receivable turnover means there is a dedine in the efficiency in culecting accounts receivable 2. An increase in the accounts receivable burnover means there is a decline in the efficiency in collecting accounts receivable 3. An increase in the accounts receivable turnover means there is a decline in the efficiency in inaking sales 4. An increase in the accounts receivable turnover means there is a increase in the efficiency in making sales The Apunts habis tum Consider whether charge is a ratio of Sales to average accounts recalable. The number if Days Secates a ratio of average areable age dates Consider the concits of the rati teen Periodic Inventory using FIFO, LIFO, and Wighted Average Cost Meth The units of an item available for sale during the year were as follows: Inventory Aug. 13 Purchase Nov 30 Purchase 40 units at $165 200 units at $180 $6,600 35,000 Available for sale units 60 units at $200 300 12,000 $54,600 There are 25 units of the item in the physical ventory at December 31. The petodic inventory system is at Determine the leventory cost using the (4) first-fit-out FIFO) method; (b) last in tout (30) mod; and (c) weighted average cest method First-in, first-out (FIFO) method b. last-first-out (LIFO) method Weighted average cost method 14,700 12,900 13.025x