Shelby Stores Company and Landon Stores, Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as follows (all numbers are in millions):

	Shelby		Landon
Merchandise sales	$244,550		$343,100
Credit card receivables-beginning	52,363		57,784
Credit card receivables-ending	43,715		44,488

a. Determine the (1) accounts receivable turnover and (2) the number of days' sales in receivables for both companies. Round answers to one decimal place. Assume 365 days a year.

	Shelby		Landon
1. Accounts receivable turnover
2. Number of days' sales in receivables		days		days

b. Shelby's accounts receivable turnover is SelecthigherlowerItem 5 than Landon's. The number of days' sales in receivables is SelecthigherlowerItem 6 for Shelby than for Landon. These differences indicate that Shelby is able to turn over its receivables SelectmorelessItem 7 quickly than Landon. As a result, it takes Shelby SelectmorelessItem 8 time to collect its receivables.