Comparative figures for Polaris and Arctic Cat follow.

Required
1. Compute the accounts receivable turnover for Polaris and Arctic Cat for each of the two most recent years using the data shown.
2. Using results from part 1, compute how many days it takes each company, on average, to collect receivables. Compare the collection periods for Polaris and Arctic Cat, and suggest at least one explanation for the difference.
3. Which company is more efficient in collecting its accounts receivable?Explain.

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Polaris Arctic Cat One Current Year Prior Two ears Current Prior One Year Two Years ($ thousands) Year Year Accounts receivable,net Net sales.. 5,302 89,294 $ 90.405 23,732 $29,227 38,231