Performing Ratio Analysis of Receivables and Interpreting the Results Mikey Inc. designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. Armer Inc. develops, markets, and distributes branded performance apparel, footwear, and accessories. The following financial information is reported by both companies. Note: Year 3 is the most recent year. Required a. Compute the accounts receivable turnover ratio and the average days to collect receivables for Year Three and for Year Two for both Mikey Inc. and Armer Inc. b. Analyze Year 3 results compared to Year 2 results for Mikey. Trends in Year 3 as compared to Year 2 for the Mikey Inc. indicate a