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For the Period Ending Year 2 Year 1 $6,182,300 $6,652,800 643,600 664,600 Sales Accounts receivable Assume that accounts receivable (in thousands) were $770,700 at the
For the Period Ending Year 2 Year 1 $6,182,300 $6,652,800 643,600 664,600 Sales Accounts receivable Assume that accounts receivable (in thousands) were $770,700 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. What conclusions can be drawn from these analyses regarding Ralph Lauren's efficiency in collecting receivables? c
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