Compare Ralph Lauren and L Brands Use the below data to analyze the accounts receivable turnover ratios of Ralph Lauren Corporation and L Brands, Inc. Ralph Lauren Corporation Ralph Lauren Corporation (RL) designs, markets, and distributes a variety of apparel, home dcor, accessory, and fragrance products. The company's products include such brands as Ralph Lauren, Polo by Ralph Lauren, and Chaps. For two recent years, the company reported the following (in millions): Sales Accounts receivable (end of year) Year 2 Year 1 $6,313.0 $6,182.3 398.1 421.4 The accounts receivable at the beginning of Year 1 was $450.2 million. L Brands, Inc. L Brands, Inc. (LB) sells women's clothing and personal health care products through specialty retail stores including Victoria's Secret and Bath & Body Works stores. L Brands reported the following (in millions) for two recent years: Year 1 Sales Accounts receivable: Beginning of year End of year Year 2 $13,237 $12,632 310 294 367 310 a. Compute the accounts receivable turnover ratios for Ralph Lauren and L Brands. Average the accounts receivable turnover ratio for the two years. For interim computations, carry amounts out to one decimal place. Round your final answers to one decimal place. Accounts Receivable Turnover Ratios Ralph Lauren: L Brands: b. Does L Brands or Ralph Lauren have the higher average accounts receivable turnover ratio? L Brands