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5.11 Using the ratios and information given for Wal-Mart Stores, Inc., a retailer, analyze the short-term liquidity and operating efficiency of the firm as of

5.11 Using the ratios and information given for Wal-Mart Stores, Inc., a retailer, analyze the short-term liquidity and operating efficiency of the firm as of January 31, 2014.

Financial ratios for the years ended January 31, 2014 2013
Liquidity
Current (times) 0.88 0.83
Quick (times) 0.24 0.22
Cash flow liquidity (times) 0.44 0.46
Average collection period 6 days 6 days
Days inventory held 46 days 46 days
Days payable outstanding 38 days 40 days
Cash conversion cycle 14 days 12 days
Activity
Fixed asset turnover (times) 4.10 4.09
Total asset turnover (times) 2.31 2.29
Other information
Cash flow from operations (in millions of $) 23,257 25,591
Revenues (in millions of $) 473,076 465,604

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