Ralph Lauren: Accounts receivable turnover and number of days' sales in receivables Ralph Lauren Corporation designs, markets, and distributes a variety of apparel, home décor, accessory, and fragrance products. The company's products include such brands as Ralph Lauren, Polo by Ralph Lauren, and Chaps. For two recent years, the company reported the following (in millions): 11eb79a5_994c_482e_bf8a_65159fa8423b_SM1598_00 The accounts receivable at the beginning of Year 1 was $458 million. A. Compute the accounts receivable turnover for Year 1 and Year 2. (Round to one decimal place.) B. Compute the number of days' sales in receivables for Year 1 and Year 2. (Use 365 days and round all calculations to one decimal place.) C. What conclusions can be drawn from these analyses regarding Ralph Lauren's efficiency in collecting receivables?

Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

النسخة 14الرقم المعياري الدولي: 978-1305653535

Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

النسخة 14الرقم المعياري الدولي: 978-1305653535

تمرين 1

Ralph Lauren: Accounts receivable turnover and number of days' sales in receivables
Ralph Lauren Corporation designs, markets, and distributes a variety of apparel, home décor, accessory, and fragrance products. The company's products include such brands as Ralph Lauren, Polo by Ralph Lauren, and Chaps. For two recent years, the company reported the following (in millions):

The accounts receivable at the beginning of Year 1 was $458 million.
A. Compute the accounts receivable turnover for Year 1 and Year 2. (Round to one decimal place.)
B. Compute the number of days' sales in receivables for Year 1 and Year 2. (Use 365 days and round all calculations to one decimal place.)
C. What conclusions can be drawn from these analyses regarding Ralph Lauren's efficiency in collecting receivables?

التوضيح

موثّق

Classification of Receivables
In any or...