CP9-3 (Static) Comparing Companies within an Industry LO9-2, LO9-5 Refer to the financial statements of Target in AppendixB and Walmart in AppendixCandtheIndustryRatioReportinAppendixD. Required: 1. Compute the accounts payable turnover ratio for both companies for the most recent fiscal year. 2. What do you infer from the difference? 3. Compare the accounts payable turnover ratios for Target and Walmart to the average accounts payable turnover ratio for the retall industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? 4. Compute working capital for both companies for the most recent fiscal year. 5. How would you interpret the working capital amounts you calculated for Target and Walmart? Complete this question by entering your answers in the tabs below. Compute the accounts payable tumover ratio for both companies for the most recent fiscal year. Note: Round your intermediate calculations and final answers to 2 decimal places. CP9-3 (Static) Comparing Companies within an Industry LO9-2, LO9-5 Refer to the financial statements of Target in Appendix B and Walmart in and the Industry Ratio Report in Required: 1. Compute the accounts payable turnover ratio for both companies for the most recent fiscal year. 2. What do you infer from the difference? 3. Compare the accounts payable turnover ratios for Target and Walmart to the average accounts payable turnover ratio for the retall industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? 4. Compute working capital for both companies for the most recent fiscal year. 5. How would you interpret the working capital amounts you calculated for Target and Walmart? Complete this question by entering your answers in the tabs below. What do you infer from the difference? CP9-3 (Static) Comparing Companies within an Industry LO9-2, LO9-5 Refer to the financial statements of Target in AppendixB and Walmart in and the Industry Ratio Report in Appendix D. Required: 1. Compute the accounts payable turnover ratio for both companies for the most recent fiscal year. 2. What do you infer from the difference? 3. Compare the accounts payable turnover ratios for Target and Walmart to the average accounts payable turnover ratio for the retail industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? 4. Compute working capital for both companies for the most recent fiscal year. 5. How would you interpret the working capital amounts you calculated for Target and Walmart? Complete this question by entering your answers in the tabs below. Compare the accounts payable tumover ratios for Target and Walmart to the average accounts payable tumover ratio for the retail industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? CP9-3 (Static) Comparing Companies within an Industry LO9-2, LO9-5 Refer to the financial statements of Target in Appendix B and Walmart in and the Industry Ratio Report in Appendix D. Required: 1. Compute the accounts payable turnover ratio for both companies for the most recent fiscal year. 2. What do you infer from the difference? 3. Compare the accounts payable turnover ratios for Target and Walmart to the average accounts payable turnover ratio for the retall industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? 4. Compute working capital for both companies for the most recent fiscal year. 5. How would you interpret the working capital amounts you calculated for Target and Walmart? Complete this question by entering your answers in the tabs below. Compute working capital for both companies for the most recent fiscal year. Note: Negative amounts should be entered with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). CP9-3 (Static) Comparing Companies within an Industry LO9-2, LO9-5 Refer to the financial statements of Target in Appendix B and Walmart in and the Industry Ratio Report in Required: 1. Compute the accounts payable turnover ratio for both companies for the most recent fiscal year. 2. What do you infer from the difference? 3. Compare the accounts payable turnover ratios for Target and Walmart to the average accounts payable turnover ratio for the retall industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? 4. Compute working capital for both companies for the most recent fiscal year. 5. How would you interpret the working capital amounts you calculated for Target and Walmart? Complete this question by entering your answers in the tabs below. How would you interpret the working capital amounts you calculated for Target and Walmart? CP9-3 (Static) Comparing Companies within an Industry LO9-2, LO9-5 Refer to the financial statements of Target in AppendixB and Walmart in AppendixCandtheIndustryRatioReportinAppendixD. Required: 1. Compute the accounts payable turnover ratio for both companies for the most recent fiscal year. 2. What do you infer from the difference? 3. Compare the accounts payable turnover ratios for Target and Walmart to the average accounts payable turnover ratio for the retall industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? 4. Compute working capital for both companies for the most recent fiscal year. 5. How would you interpret the working capital amounts you calculated for Target and Walmart? Complete this question by entering your answers in the tabs below. Compute the accounts payable tumover ratio for both companies for the most recent fiscal year. Note: Round your intermediate calculations and final answers to 2 decimal places. CP9-3 (Static) Comparing Companies within an Industry LO9-2, LO9-5 Refer to the financial statements of Target in Appendix B and Walmart in and the Industry Ratio Report in Required: 1. Compute the accounts payable turnover ratio for both companies for the most recent fiscal year. 2. What do you infer from the difference? 3. Compare the accounts payable turnover ratios for Target and Walmart to the average accounts payable turnover ratio for the retall industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? 4. Compute working capital for both companies for the most recent fiscal year. 5. How would you interpret the working capital amounts you calculated for Target and Walmart? Complete this question by entering your answers in the tabs below. What do you infer from the difference? CP9-3 (Static) Comparing Companies within an Industry LO9-2, LO9-5 Refer to the financial statements of Target in AppendixB and Walmart in and the Industry Ratio Report in Appendix D. Required: 1. Compute the accounts payable turnover ratio for both companies for the most recent fiscal year. 2. What do you infer from the difference? 3. Compare the accounts payable turnover ratios for Target and Walmart to the average accounts payable turnover ratio for the retail industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? 4. Compute working capital for both companies for the most recent fiscal year. 5. How would you interpret the working capital amounts you calculated for Target and Walmart? Complete this question by entering your answers in the tabs below. Compare the accounts payable tumover ratios for Target and Walmart to the average accounts payable tumover ratio for the retail industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? CP9-3 (Static) Comparing Companies within an Industry LO9-2, LO9-5 Refer to the financial statements of Target in Appendix B and Walmart in and the Industry Ratio Report in Appendix D. Required: 1. Compute the accounts payable turnover ratio for both companies for the most recent fiscal year. 2. What do you infer from the difference? 3. Compare the accounts payable turnover ratios for Target and Walmart to the average accounts payable turnover ratio for the retall industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? 4. Compute working capital for both companies for the most recent fiscal year. 5. How would you interpret the working capital amounts you calculated for Target and Walmart? Complete this question by entering your answers in the tabs below. Compute working capital for both companies for the most recent fiscal year. Note: Negative amounts should be entered with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). CP9-3 (Static) Comparing Companies within an Industry LO9-2, LO9-5 Refer to the financial statements of Target in Appendix B and Walmart in and the Industry Ratio Report in Required: 1. Compute the accounts payable turnover ratio for both companies for the most recent fiscal year. 2. What do you infer from the difference? 3. Compare the accounts payable turnover ratios for Target and Walmart to the average accounts payable turnover ratio for the retall industry. Are Target and Walmart paying suppliers more quickly or more slowly than the industry average? 4. Compute working capital for both companies for the most recent fiscal year. 5. How would you interpret the working capital amounts you calculated for Target and Walmart? Complete this question by entering your answers in the tabs below. How would you interpret the working capital amounts you calculated for Target and Walmart