Find the most recent 10K filing for two publicly traded merchandising companies of your choice. Cosco and Sam Club

• Compute the accounts receivable turnover ratio and the number of days sales in accounts receivable for the last (latest) two years and the two companies you researched and show the bases of your calculation as part of your initial response. Comment on your results. For example
  • What is the trend(s) in the accounts receivable turnover ratio and the number of days sales in accounts receivable for both companies?
  • How do they compare to each other?
  • Which is more effective at collecting their accounts receivable faster?

Example to Include at the start of your initial response:

Company A:

Accounts Receivable Turnover: Year ended in 2020: 6 times; Year ended in 2019: 5 times; Year ended in 2018: 6 times.

Number of Days Sales in Accounts Receivable: 2020: 35; 2019: 30; 2018: 45.

Company B:

Accounts Receivable Turnover: Year ended in 2020: 8 times; Year ended in 2019: 9 times; Year ended in 2018: 10 times.

Number of Days Sales in Accounts Receivable: 2020: 45; 2019: 60; 2018: 47.

COSCO

(amounts in millions)

August 28, 2022 Receivables, net $2,241 Total Revenue $226,954

August, 29, 2021 Receivables, net $1,803 Total Revenue $195,929

Sams club

(amounts in millions)

2022 Receivables, net $8,280Total Revenue $572,754

2021 Receivables, net $6,516Total Revenue $559,151