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Assume selected financial data for (s in millions) Walmart Target Net Sales. $456,854 Beginning Accounts Receivable Ending Accounts Receivable 75,616 $5,714 6,478 $6,587 6,252 bk
Assume selected financial data for (s in millions) Walmart Target Net Sales. $456,854 Beginning Accounts Receivable Ending Accounts Receivable 75,616 $5,714 6,478 $6,587 6,252 bk Required: nt ences 1-a. Calculate the receivables turnover ratio and average collection period for Walmart and Target. (Enter your answers in millions. Do not round your intermediate calculations and round your answers to 1 decimal place.) Receivables Turnover Ratio Walmart $ 456,854 Target $ 75,616/$ Receivables Turnover Ratio 873= 226- 74.3 times 334.6 times Average Collection Period Average Collection Period Walmart 365/ 74.3 Target 365/ 334.6 4.9 days 1.1 days
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