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For question nine the drop down answers are improved/declined and the other two are increase/decrease. For question ten the drop downs answers are both less/more.

For question nine the drop down answers are improved/declined and the other two are increase/decrease. For question ten the drop downs answers are both less/more. Need help figuring out what it is. thanks

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My Home CengageNOWv2 | Online teaching and learning resource from Cengage Learning Test #2 - Chapters 1 - 14 Calculator Print Item 1. EX.05.14.ALGO ? Accounts Receivable Analysis 2. EX.06.13.ALGO Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card 3. EX.08.22.ALGO operations. Information from the financial statements for both companies for two recent years is as follows (in millions): Xavier Lestrade 4. PR.09.02A.ALGO Sales $8,500,000 $4,585,000 5. EX. 10.08.ALGO Credit card receivables-beginning 820,000 600,000 Credit card receviables-ending 880,000 710,000 6. EX. 11.13.ALGO a. Determine the (1) accounts receivable turnover and (2) the number of days' sales in receivables for both companies. Round your calculations and answers to one 7. EX. 12.13.ALGO decimal place. Assume 365 days a year. Xavier Lestrade 8. EX. 13.04 . Accounts receivable turnover 10 9. EX. 14.06.ALGO 2. Number of days' sales in receivables 36 days 51.43 days b. Xavier's accounts receivable turnover is much higher than Lestrade's. The number of days' sales in receivables is lower for Xavier than for Lestrade. 10. EX. 14.10 These differences indicate that Xavier is able to turn over its receivables quickly than Lestrade. As a result, it takes Xavier time to collect its receivables. Previous Progress: 10/10 items Time Remaining: 3:13:45 All work saved Submit Test for Grading 20 DD A esc F4 F5 F6 F7 F9 F10 F11 F1 E2 F3 2 O

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