The Limited Brands Inc. sells women€™s clothing and personal health care products through specialty retail stores including Victoria€™s Secret and Bath & Body Works stores. The Limited Brands reported the following (in millions):

Assume that accounts receivable (in millions) were $355 at the beginning of fiscal year
2009.
a. Compute the accounts receivable turnover for 2010 and 2009. Round to one decimal place.
b. Compute the day€™s sales in receivables for 2010 and 2009. Round to one decimal place.
c. What conclusions can be drawn from these analyses regarding The Limited Brands€™ efficiency in collectingreceivables?

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For the Period Ending Jan. 31, 2010 Jan. 31, 2009 Net sales Accounts receivable ec 3a 658,612 $03 $9,043 313 249