Year 2 Year 1 Sales $11,649,079 $10,706,588 993,510 1,265,032 Assume that the accounts receivable (in thousands) were $1,045,338 at the beginning of Year 1. The Limited Brands Inc. sells women's clothing and personal health care products through specialty retail stores including Victorias Secret and Bath & Body Works stores. The Limited Brands reported the following (in millions) for two recent years: Year 2 Year 1 $9,613 267 Sales Accounts receivable Assume that the accounts receivable (in millions) were $249 at the beginning of Year 1. Use the above information to analyze the accounts recelvable turnover ratios of H.J. Heinz Compaly and The Limited Brands Inc. a. Compute the average accounts receivable turnover ratio for The Limited Brands Inc. and H.J. Heinz Company for Year 2 and Year $10,364 269 1. Round interim calculations and final answers to one decimal place. The Limited Brands Inc. : ( 30.67 H.J. Heinz Company: 1 x 10.32 x b. Does The Limited Brands or H.J. Heinz Company have the higher average accounts receivable turnover ratio? The Limited Brands Previous Next