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Classic Company designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The company's products Indude such brands as Classic Company,

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Classic Company designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The company's products Indude such brands as Classic Company, Pola by Classic Company, and Chat Fortwo recent years, the company reported the following in milions): Year 2 Year 1 Sales $6,342,240 $6,267,490 Accounts receivable (end of year) 649,700 671,600 The accounts receivable at the beginning of Year 1 was $500,000 - Compute the accounts receivable turnover for Year 1 and Year 2. Round to one decimal place. Year Year 2 Accounts Receivable Turnover b. Compute the number of days' sales in receivables for year I and Year 2. Round to one decimal place. Uw 365 days per year in your calculations. Year 1 Year 2 Number of Dwys Sale in Receivables c. The change in the accounts receivable tumover from year 1 to year 2 indicates an) in the efficiency of collecting accounts receivable and is an) trend. The change in the days sales in receivables is an trend

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