eBook Show Me How Printem Accounts Receivable Turnover and 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 an Polo by Classic, Classic Purple Label, Classic, Polo Jeans Co., and Chaps. Polo Classic reported the following for two recent years: For the Period Ending Year 2 Year 1 Sales $6,453,200 Accounts receivable 748,250 $6,464,515 770,150 Assume that accounts receivable were $682,550 at the beginning of Year 1. a. Compute the accounts receivable turnover for Year 2 and Year 1. Round your answers to two decimal places. Year 2: Year 1: b. Compute the days' sales in receivables for Year 2 and Year 1. Round your final answers to one decimal place. Use 365 days per year in your calculations Year 2: Year 1: days days c. The change in the accounts receivable turnover from year 1 to year 2 indicates a(n) decrease unfavorable change. The change in the days' sales in receivables is a(n) unfavorable in the efficiency of collecting accounts receivable and is a(n) change. Feedback Check My Work