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Ralph Lauren Corporation (RL) designs, markets, and distrbutes a variety of appare, home decor, accessory, and fragrance products. The compary's products include such brands as

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Ralph Lauren Corporation (RL) designs, markets, and distrbutes a variety of appare, home decor, accessory, and fragrance products. The compary's products include such brands as Ralph Lauren, Polo by Ralph Lauren, and Chaps. For two recent years, the company reported the following (in millions): The accounts recelvable at the beginning of Year 1 was $450.2million. a. Compute the accounts recelvable tamover for Year 1 and Year 2 . For interim computations, carry amounts out to one decimal place. Round your final answers to one decimal place. b. Compute the days' sales in receivables for Year 2 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. c. The accounts receivabie turnover has between the two years. In addition, the days' sales in receivables There appears to be an in the efficency in colecting accoums receivable between the two years

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