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eBook Calculator Print Item Accounts Receivable Analysis Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their

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eBook Calculator Print Item Accounts Receivable Analysis Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as follows (in millions): Xavier Lestrade 44,280 Sales $200,750 $281,050 Credit card receivables-beginning 23,381 57,514 Credit card receivables-ending 19,519 a. Determine the (1) accounts receivable turnover and (2) the number of days' sales in receivables for both companies. Round answers to one decima place. Assume 365 days a year. Xavier Lestrade days 1. Accounts receivable turnover

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