The Limited Brands Inc sells women s clothing and
personal health
The Limited Brands Inc. sells women's clothing and personal health care products through
specialty retail stores including Victoria's Secret and Bath & Body Works stores. The Limited
Brands reported the following (in millions) for two recent
years:____________________________Year 2 ____________Year 1Sales
.................................. $10,364 .................. $9,613Accounts receivable ..................... 269
...................... 267Assume that accounts receivable (in millions) were $249 at the beginning of
Year 1.a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to one
decimal place.b. Compute the day's sales in receivables for Year 2 and Year 1. Use 365 days
and round to one decimal place.c. What conclusions can be drawn from these analyses
regarding The Limited Brands' efficiency in collecting receivables?View Solution: The Limited
Brands Inc sells women s clothing and personal health
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