Classic Company Accounts receivable tumover and number of days sales in receivables Classic Company designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The company's products include such brands as Classic Company, Polo by Classic Company, and Chaps For two recent years, the company reported the following (in millions): Year 2 Year 1 Sales $4,545,355 Accounts receivable (end of year) 514,650 The accounts receivable at the beginning of Year 1 was $470,850 34,650,465 529,250 a. Compute the accounts receivable turnover for Year 1 and Year 2. Round to one decimal place Year 1 Year 2 Accounts Receivable Turnover b. Compute the number of days' sales in receivables for Year 1 and Year 2. Round to one decimal place. Use 365 days per year in your calculations Year 1 Year 2 Number of Days Sales in Receivables G. The change in the accounts receivable turnover from year 1 to year 2 indicates an) in the efficiency of collecting accounts receivable and is an) trend. The change in the day sales in receivables is an trend