The following information is from the financial statements of Exquisite Ensembles: 
Calculate Exquisite Ensembles' accounts receivable turnover ratio for YR 2 and YR 3.Compare the two results and give a possible explanation for any significant change.
Definitions:
Allocation of Resources
The process of distributing scarce resources among various uses or activities in a way that maximizes the achievement of objectives.
Production Possibilities Curve
A visual diagram displaying the highest achievable production combinations of two products or services within an economy, assuming all resources are used completely and effectively.
Consumer Goods
Products that are purchased by consumers for personal or household use, as opposed to goods used by businesses to produce other goods.
Capital Goods
Long-lasting goods acquired or manufactured by a business that are used in the production of other goods or services, rather than being sold to consumers.
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