Classic Company Accounts recevable turnover 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 $4,660,320 $4,642,435 Accounts receivable (end of year) 602,250 624,150 The accounts receivable at the beginning of Year 1 was $551,150 a. Compute the accounts receivable turnover for Year 1 and Year 2. Round to one decimal place, Year 1 Year 2 Accounts Receivable Turnover 1.9 X 2.0 X 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 192.1 X 182.5 X Receivables C. The change in the accounts receivable turnover from year 1 to year 2 indicates a(n) decrease in the efficiency of collecting accounts receivable and is an) unfavorable trend. The change in the days' sales in receivables is a(n) favorable X trend