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ment/takeAssignmentMain.do?invoker=&etakeAssignmentSessionLocator=&inp. Ema Ul Claim T... Imported counts Receivable Turnover and Days Sales in Receivables alph Lauren Corporation designs, markets, and distributes a variety of apparel,
ment/takeAssignmentMain.do?invoker=&etakeAssignmentSessionLocator=&inp. Ema Ul Claim T... Imported counts Receivable Turnover and Days Sales in Receivables alph Lauren Corporation designs, markets, and distributes a variety of apparel, home ecor, accessory, and fragrance products. The company's products include such brands olo by Ralph Lauren, Ralph Lauren Purple Label Ralph Lauren Polo Jeans Co., and Chaps. Polo Ralph Lauren reported the following in thousands) for two recent years: For the Period Ending Year 2 Year 1 Sales $6 182.300 $6.652,800 Accounts receivable 643.600 664.600 Assume that accounts receivable (in thousands were $700 at the beginning of Year 1. a. Compute the accounts receivable turnover for Year 2 and Year Round your answers to two dedimal places. Year 2: Year 1: b. Compute the days sales in receivables for Year 2 and Year 1 Round interim calculations and final answers to one decimal place. Use 255 days per year in your calculations. Year 2: days Year 1: days Cl 5 TI 6:03 5/21 NE )
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