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EX 9-28 Accounts receivable turnover and days' sales in receivables OBJ. 8 American Eagle Outfitters, Inc. sells_clothing, accessories and personal care products for men and
EX 9-28 Accounts receivable turnover and days' sales in receivables OBJ. 8 American Eagle Outfitters, Inc. sells_clothing, accessories and personal care products for men and women through_its retail stores. American Eagle reported the following data (in millions) for two recent years: Year 2 Year 1 Sales $4.036 $3.796 Accounts receivable 93 78 Assume that accounts receivable were $87 million at the beginning of Year_1. a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to two decimal places. 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 American Eagle Qutfitters' efficiency in collecting receivables
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