L Brands: Accounts receivable turnover and number of days' sales in receivables L Brands, Inc. sells women's clothing and personal health care products through specialty retail stores including Victoria's Secret and Bath Body Works stores. L Brands reported the following (in millions) for two recent years: 11eb79a5_9952_ff32_bf8a_01086aecba2b_SM1598_00 A. Determine the accounts receivable turnover for Year 1 and Year 2. (Round all calculations 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 L Brands' 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 26

L Brands: Accounts receivable turnover and number of days' sales in receivables
L Brands, Inc. sells women's clothing and personal health care products through specialty retail stores including Victoria's Secret and Bath Body Works stores. L Brands reported the following (in millions) for two recent years:

A. Determine the accounts receivable turnover for Year 1 and Year 2. (Round all calculations 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 L Brands' efficiency in collecting receivables?

التوضيح

موثّق

Classification of Receivables
In any or...