Problem on sales collections

The 2010 income statements of Leggett and Platt, inc. reports net sales of \$4,076.1 million in 2010 and \$4,250 million in 2009. The balance sheet reports accounts and other receivables, net of \$550.5 million at December 31, 2010 and \$640.2 million at December 31, 2009. Calculate the average number of days that receivables were outstanding in 2009 and 2010. Explain in plain English, what the ration means and how Leggett is performing in collections.

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