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Xavler Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through thelr own crec card operations.

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Xavler Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through thelr own crec card operations. Information from the financial statements for both companies for two recent years is as follows (in millions): a. Determine the I1 ) accounts receivable turnover and (2) the number of days' sales in recelvables for both companies, Round answers to one decimal place. Assume 365 days a year. b. Xavier's accounts recelvabie turnover is than Lestrades. The number of days' sales in teceivables is Xovier than fot Lestrade. These differences indicate that Xavier is able to turn ove its receivables quitkly than Lestrade. As a result. It takes Xavier time to collect its receivables

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