Ralph Lauren: Accounts receivable turnover and number of days' sales in receivables Ralph Lauren Corporation designs, markets, and distributes a variety of apparel, home dcor, accessory, and fragrance products. The companys products include such brands as Ralph Lauren, Polo by Ralph Lauren, and Chaps. For two recent years, the company reported the following (in millions): Year 2 Year 1 Sales $7,620 $7,450 Accounts receivable (end of year) 655 588 The accounts receivable at the beginning of Year 1 was $458 million. a. Compute the accounts receivable turnover for Year 1 and Year 2. Round to one decimal place. Year 1 Year 2 Accounts Receivable Turnover b. Compute the number of days sales in receivables for Year 1 and Year 2. Use 365 days and round all calculations to one decimal place. Year 1 Year 2 Number of Days Sales in Receivables days days c. The change in the accounts receivable turnover from year 1 to year 2 indicates a(n) decrease in the efficiency of collecting accounts receivable and is a(n) trend. The change in the days' sales in receivables is a(n) trend.