Polo ralph lauren corporation designs markets and, Accounting Basics

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Polo ralph lauren corporation designs markets and

Polo Ralph Lauren Corporation designs, markets, and distributesa variety of apparel, home décor, accessory, and fragranceproducts. The company's products include such brands asPolo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren PoloJeans Co., and Chaps. Polo Ralph Laruen reported the following(in thousands):

For the Period Ending

Mar. 31,2007 April 1, 2006

NetSales 4,295,400 3,746,300

Accountsreceivable 511,900 516,600

Assume that the accounts receivable (in millions) were $530,503at the beginning of the 2006 fiscal year.

Compute the accounts receivable turnover for 2007 and2006. Round to one decimal place.
Compute the days' sales in receivables for 2007and 2006. Round tone decimal place.
What conclusions can be drawn from these analysesregarding Ralph Lauren's efficiency in collectingreceivables?

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Accounting Basics: Polo ralph lauren corporation designs markets and

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Recent Questions Asked Accounting Basics

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