(Solution) - The Limited Brands Inc sells women s clothing and personal heal -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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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):

Assume that accounts receivable (in millions) were $355 at the beginning of fiscal year
2009.
a. Compute the accounts receivable turnover for 2010 and 2009. Round to one decimal place.
b. Compute the day?s sales in receivables for 2010 and 2009. Round to one decimal place.
c. What conclusions can be drawn from these analyses regarding The Limited Brands? efficiency in collectingreceivables?