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LTE C Accounts Receivable Turnover 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: Year 1 Sales Accounts receivable Year 2 $8.02 647 670 Assume that the accounts receivable (in thousands) were $635 million at the beginning of Year 1. 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 Accounts receivable $3,522 81 53.283 68 Year 1 Assume that the accounts receivable (in millions) were $74 million at the beginning of Year 1. Accounts receivable turnover ratios Year 2 Campbell Soup Company 12.27 12.57 American Eagle Outfitters, Inc 47.28 Use the above information to analyze the accounts receivable turnover ratios of American Eagle Outfitters and Campbell Soup. a. Compute the average accounts receivable turnover ratio for Campbell Soup and American Eagle Outfitters for Year 2 nd Year 1. Round Interim calculations and final answers to two decimal places. Campbell Soup! American Eagle Outfitters 28.8