Bassett Stores Company and Fox Stores Inc. are large retail department stores. Both companies offer credit...

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Bassett Stores Company and Fox Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as follows (all numbers are in millions): Merchandise sales Bassett Fox $222,650 $310,250 Credit card receivables-beginning 26,131 61,184 Credit card receivables-ending 21,815 47,106 a. (1) Determine the accounts receivable turnover for both companies. Round to one decimal place. Bassett Stores Fox Stores 9.3. 5.7 (2) Determine the days sales in receivables for both companies. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. Bassett Stores Fox Stores days 60.8 X days Bassett Stores Company and Fox Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as follows (all numbers are in millions): Merchandise sales Bassett Fox $222,650 $310,250 Credit card receivables-beginning 26,131 61,184 Credit card receivables-ending 21,815 47,106 a. (1) Determine the accounts receivable turnover for both companies. Round to one decimal place. Bassett Stores Fox Stores 9.3. 5.7 (2) Determine the days sales in receivables for both companies. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. Bassett Stores Fox Stores days 60.8 X days