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itm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator- assignment-take&inprogress-faise eBook Calculator Eagle reported the following data (in millions) for two recent years: Year 2 3,522 81 Year 1 $3,283 68 Sales Accounts receivable Assume that accounts receivable (in millions) were $74 million at the beginning of Year 1. a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to two decimal places. Year 2: Year 1: b. Compute the day's sales in receivables for Year 2 and Year i. Round interim calculations and per year in your calculations 3.283 X final answers to one decimal place. Use 365 days Year 2:7.72 x days Year 1:7.89 x days . The change in accounts receivable turnover from year i to year 2 indicates a(n) increase in the efficiency of collecting accounts receivable and is a(n) favorable change. The change in the days' sales in receivables indicates a(n) favorable change. Check My work The Accounts receivable turnover is a ratio of Sales to Average accounts receivable. The number of Days Sales in Receivables is a ratio of Average accounts receivable to Average daily sales. Consider the components of the ratios. Consider wnether changes refect efficiency A decreasing accounts receivable turnover indicates an unfavorable trend, while an increasing days' sales in receivabies indicates an unfavorable trend Previous Next 0 more Check My Work uses remaining 9-29