For 2010, Wal-Mart and Target had the following information (all values are in millions of dollars): a.
Question:
a. What is each companys accounts receivable days?
b. What is each companys inventory turnover?
c. Which company is managing its accounts receivable and inventory moreefficiently?
Transcribed Image Text:
Sales (Income Cost of Goods Sold Accounts receivableInventory Wal-Mart Target Sttement Income Statement 408,214 65,357 304,657 45,583 (Balance Sheet) 4,144 6,966 (Balance Sheet) 30,254 7.179
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