L Brands, Inc. (LB) 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?

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Year 2 Year 1 Sales Accounts receivable: Beginning of year End of year $12,154 $11,454 252 244 252 261