Polo Ralph Lauren Corporation designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The company€™s products include such brands as Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren, Polo Jeans Co., and Chaps. Polo Ralph Lauren reported the following (in thousands):

Assume that accounts receivable (in millions) were $511,900 at the beginning of the 2008 fiscal year.
a. Compute the accounts receivable turnover for 2009 and 2008. Round to one decimal place.
b. Compute the days€™ sales in receivables for 2009 and 2008. Round to one decimal place.
c. What conclusions can be drawn from these analyses regarding Ralph Lauren€™s efficiency in collectingreceivables?

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For the Period Ending March 29, 2009 Mc 29, 2008 Net sales Accounts receivable $5,018,900 576,700 $4,880,100 585,000