Chapter 14 Financial Statement Analysis EX 14-10 Accounts receivable analysis Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both compa- nies 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 (in millions): b, strade, 7.0 I $8,500,000 Xavier Lestrade Sales Credit card receivables-beginning Credit card receviables-ending $4,585,000 600,000 710,000 820,000 880,000 A. Determine the (1) accounts receivable turnover and (2) the number of days' sales in receiv- ables for both companies. (Round to one decimal place.) . Compare the two companies with regard to their credit card policies