Xavier Stores Company and Lestrade 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 $($in millions$)$:

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.

Accounts receivable turnover

Number of days' sales in receivables

days

days

b$.$ Xavier's accounts receivable turnover is

than Lestrade's. The number of days' sales in receivables is

for Xavier than for

Lestrade. These differences indicate that Xavier is able to turn over its receivables

quickly than Lestrade. As a result, it takes Xavier

time to collect its receivables.