EX 9-27 Accounts Receivable Turnover and Days' Sales in Receivables OBJ. 8 The Campbell Soup Company manufactures and markets food products throughout the world. The following sales and receivable data (in millions) were reported by Campbell Soup for two recent years: Sales Accounts receivable Year 2 Year 1 $7,890 616 $8,685 805 Assume that the accounts receivable were $638 million at the beginning of Year 1. a. Compute the accounts receivable turnover for Year 2 and Year 1. Round average accounts receivable to one decimal place and accounts receivable turnover to two decimal places. Answer b. Compute the days' sales in receivables for Year 2 and Year 1. Use 365 days and round to one decimal place. C. What conclusions can be drawn from these analyses regarding Campbell's efficiency in collecting receivables