Classic Company: Accounts receivable turnover and number of days' sales in receivables Classic Company designs, markets, and distributes a variety of apparel, home dcor, 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): Sales Accounts receivable (end of year) Year 2 $4,728,940 569,400 The accounts receivable at the beginning of Year 1 was $518,300. Year 1 $4,739,890 584,000 a. Compute the accounts receivable turnover for Year 1 and Year 2. Round to one decimal place. Accounts Receivable Turnover Year 1 Year 2 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 c. The change in the accounts receivable turnover from year 1 to year 2 indicates a(n). efficiency of collecting accounts receivable and is a(n)) in the trend. The change in the days' sales in receivables is a(n) trend