Compare Ralph Lauren and Victoria's Secret Use the below data to analyze the accounts receivable turnover ratios of Ralph Lauren Corporation and Victoria's Secret \& Co. (VSCO). Ralph Lauren Corporation Lauren, and Chaps. For two recent years, the company reported the following (in millions): The accounts receivable at the beginning of Year 1 was $398.1 million. Victoria's Secret \& Co. (VSCO) Victoria's Secret \& Co. (VSCO) is a specialty retailer of apparel and beauty products. Victoria's Secret reported the following (in millions) for two recent years: decimal place. Round your final answers to one decimal place. b. Does Victoria's Secret or Ralph Lauren have the higher average accounts receivable turnover ratio? c. Based on the calculations and facts, which of the following statements is correct? 1. Ralph Lauren's business customers to take a longer period to pay their receivables. 2. Victoria's Secret customers to take a longer period to pay their receivables. 3. Customers of both the companies take the same time to pay their receivables. 4. Customers of both the companies do not pay their receivables