Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target Net Sales $443,854 68,466 Beginning Accounts Receivable $5,089 6,153 Ending Accounts Receivable $5,937 5,927 Required: 1-a. Calculate the receivables turnover ratio and average collection period for Walmart and Target. (Enter your answers in millions and round your answers to 1 decimal place.) Receivables Turnover Ratio -Receivables Turnover Ratio Walmart Target i times Average Collection Period Average Collection Period days Walmart Target days On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May 13. Required: For Juanita Construction, record the service on account on May 7 and the collection of cash on May 13. (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the purchase of services on account General Journal Dobil Credit May 07 Record Centry Viral