L Brands, Inc. $($LB$)$ sells women$$s clothing and personal health care products through specialty retail stores including Victoria$$s Secret and Bath & Body Works stores. L Brands reported the following $($in millions$)$ for two recent years:

Line Item Description Year $2$ Year $1$

Sales $$13,237$ $$12,632$

Accounts receivable:

Beginning of year $310294$

End of year $367310$

a$.$ Determine the Accounts receivable turnover for Year $1$ and Year $2.$ For interim computations, carry amounts out to one decimal place. Round your final answers to one decimal place.

Line Item Description Year $1$ Year $2$

Accounts Receivable Turnover fill in the blank $1$

fill in the blank $2$

b$.$ Compute the days$$ sales in receivables for Year $1$ and Year $2.$ Assume $365$ days in a year. For interim computations, carry amounts out to one decimal place. Round your final answers to one decimal place.

Line Item Description Year $1$ Year $2$

Days$$ Sales in Receivables fill in the blank $3$

days fill in the blank $4$

days

c$.$ With regard to accounts receivable turnover, which of the following statements is correct?

$1.$ A decline in the accounts receivable turnover means there is a decline in the efficiency in collecting accounts receivable.

$2.$ An increase in the accounts receivable turnover means there is a decline in the efficiency in collecting accounts receivable.

$3.$ An increase in the accounts receivable turnover means there is a decline in the efficiency in making sales.

$4.$ An increase in the accounts receivable turnover means there is a increase in the efficiency in making sales.