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Ralph Lauren Corporation (RL) designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products, The company's producte Inctude such brandn as
Ralph Lauren Corporation (RL) designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products, The company's producte Inctude such brandn as Rolph tauren, Polo by Ralph tauran, and Chaps. For two rectent yesrs, the company reported the following (in millions): The ascounts recelvable at the baginning of Year 1 was $398.1 milion. a. Compute the accounts receivable turnover for Yoar 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' soles in receivables for Year 1 and Yoar 2. Assume 365 dayt in a year. For interim computations, carry amounts out to one decimal place, Round your final answers to one decimal place. C. The accounts tecolvable turtiover has There oppears to be a[n] between the two years, In addition, the dmys' sales in receivabias in the efficiency in collecting accounts recelvable between the two years
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