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Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target Beginning Ending
Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target Beginning Ending Accounts Accounts Receivable Receivable $ 5,564 $ 6,437 6,403 6,177 Net Sales 453,854 73,966 $ Required: 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 Receivables Turnover Ratio Walmart times Target 0 times Average Collection Period Walmart F Average Collection Period days 0 days Target
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