Chapter 9 Metric-Analysis of Financial Statements E9-10 Accounts receivable analysis Bassett Stores Company and Fox Stores Inc. are large retail department stores. Both com- panies 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 Merchandise sales Credit card receivables-beginning Credit card receviables-ending $726,000 75,000 90,000 Fox $2,470,000 350,000 410,000 a. Determine (1) the accounts receivable turnover and (2) the days' sales in receivables for both companies. Round to nearest dollar and one decimal place. b. Compare the two companies with regard to their credit card policies